Exercise 12-12: Uttinger Company has the following data at December 31, 2015.

Fair Value Securities Cost Trading $121,110 $124,850 90,740 Available-for-sale 101,980 The available-for-sale securities are held as a long-term investment. Your answer is correct Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (1 Fair Value Adjustment-Trading 13740 Unrealized Gain-Income 3740 (2)Unrealized Gain or Loss-Equity T11240 TFair Value Adjustment-Available-for-Sale 11240 Your answer is partially correct. Try again. Indicate the statement presentation of each class of securities Uttinger Company Balance Sheet (Partial) December 31, 2015 Current Assets TShort-Term Investments s124850 TInvestments TInvestment in Stock of Less than 20% Owned Companies 190740 [Stockholders' Equity Less: TUnrealized Loss on Available-for-Sale Securities Indicate the related unrealized gain (loss) accounts. Uttinger Company Income Statement (Partial) For the year ended December 31, 2015 Other Revenues and Gains Unrealized Gain on Trading Securities