Fair Value Journal Entries, Available-for-Sale Investments On June 12, Year 2, Hurricane purchased 500 shares of Rogue Wave Inc. at $30 per share plus a $100 brokerage commission. a. Provide the journal entries to record the following: 1. The adjustment of the available-for-sale security portfolio to fair value on December 31 , Year 1. 2. The June 12, Year 2, purchase of Rogue Wave Inc. stock. b. How are unrealized gains and losses treated differently for available-for-sale securities than for trading securities? Unrealized gains and losses for available-for-sale securities reported as a credit (positive) or debit (negative) balance in the section. As a result, the changes in fair value are not reflected o the as is the case with trading securities