Cost and fair value data for the trading debt securities ofWildhorseCompany at December 31, 2022, are $63,550and $59,350, respectively.(a) Show the financial statement presentation of the trading securities.(b) The parts of this question must be completed in order. This part will be available when you complete the part above.

2.These are two independent situations:

1.OrioleCosmetics acquired12% of the328,700shares of common stock of Elite Fashion at a total cost of $13per share on March 18, 2022. On June 30, Elite declared and paid a $69,400dividend. On December 31, Elite reported net income of $249,770for the year. At December 31, the market price of Elite Fashion was $15per share.

2.SheffieldInc. obtained significant influence over Kasey Corporation by buying 25% of Kasey's28,900outstanding shares of common stock at a total cost of $11per share on January 1, 2022. On June 15, Kasey declared and paid a cash dividend of $33,300. On December 31, Kasey reported a net income of $109,900for the year.

(a)

Prepare the necessary journal entries for 2022 forOrioleCosmetics. That's it nuttin else missing