Fair Value Journal Entries, Available for Sale investments Storm, Inc. purchased the following available-for-sale securities during 2049, Its first year of operations: Name Number of Shares Cost Dust Devil, Inc. 1,500 $45,450 Gale Co. 200 14,540 Whirlwind Co. 2,400 67,200 Total $127,190 The market price per share for the available-for-sale security portfolio on December 31, 2049 was as follows: Market Price per Share Dec 31, 2016 Dust Devil, Inc. Gale Co. Whirlwind Co. a. Provide the journal entry to adjust the available-for-sale security portfolio to fair value on December 31, 2019. 2019 Dec. 31 $33 79 27 b. Is there any Impact of December 31, 2049 journal entry on the income statement? any unrealized gain/loss is reported of the