Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000. Brandy Corporation's trading portfolio at the end of the year is as follows: Cost Fair Value Security Common Stock C $10,000 Common Stock D 9,000 $19,000 $12,000 5,000 $17,000 At the end of the year, Brandy Corporation should report a loss on the income statement for $4,000 under "Other expenses and losses." set up a Fair Value Adjustment account for the portfolio. set up a Fair Value Adjustment account for Stock D. recognize an Unrealized Gain or Loss-Income for $4,000.