E$13\mathrm{.}12$ Zippydah SE has the following data at December $31,2020.$

The non$-$trading securities are held as a long$-$term investment. This is the first year of the

company's operations.

Instructions

a$.$ Prepare the adjusting entries to report each class of securities at fair value.

b$.$ Indicate the statement presentation of each class of securities and the related unrealized

gain $($loss$)$ accounts.