EXTRA CREDIT: (10 Points) At January 1, 2014, the trading securities portfolio held by the Darin Corporation consisted of the following investments: 1. 2,000 shares of Tanner common stock purchased for $42 per share. 1,500 shares of Lester common stock purchased for $50 per share. At December 31, 2014, the fair values per share were Tanner $38 and Lester $54. Instructions (SHOW CALCULATIONS/DETAILS for full credit) (a) Prepare a schedule showing the cost and fair value of the portfolio at December 31, 2014 (b) Prepare the adjusting entry to report the portfolio at fair value at December 31, 2014 a) 2,000 Tanner aamg 15.000 TYodi Unreolized Gain nome Adjunct Associate Professor- R Hohman