E12-12 Zippydah Company has the following data at December 31, 2014. Securities Trading Non-trading Cost $120,000 100,000 Fair Value $124,000 The non-trading securities are held as a long-term investment. Instructions 94,000 (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 unreal- ized gain (loss) accounts. *E12-13 On January 1, 2014, Lennon Corporation acquires 100% of Ono Inc. for $220,000 in cash. The condensed statements of financial position of the two corporations immedi- ately following the acquisition are as follows. Ono Plant and equipment (net) Investment in Ono Inc. ordinary shares Current assets Share capital-ordinary Retained earnings Current liabilities Lennon Corporation Inc. $300,000 $220,000 220,000 60,000 50,000 $580,000 $270,000 $230,000 $ 80,000 170,000 140,000 180,000 50,000 $580,000 $270,000 Instructions Prepare a worksheet for a consolidated statement of financial position.