Fair value adjustment for trading investments The investments of Charger Inc. Include an investment of trading securities of Raiders Inc. purchased on February 24, 2017, for $551,000. The fair value of the securities on December 31, 2017, is $609,000. a. Journalize the entries for the February 24 purchase and the adjustment to fair value on December 31, 2017. If an amount box does not require an entry, leave it blank. 2017 Feb. 24 2017 Dec. 31 38 b. How is an unrealized gain or loss for trading investments reported on the financial statements? The unrealized gain or unrealized loss for trading investments is disclosed in the In determining net income, while unrealized gains would be Unrealized losses would be in determining net income.