Fair Value Journal Entries, Available-for-Sale Investments orm, Inc. purchased the following available-for-sale securities during Year 1, its first year of operations Name Dust Devil, Inc. Gale Co. Whirlwind Co. Number of Shares 1,100 400 2,500 Total Cost $30,800 28,400 72,500 $131,700 Total The market price per share for the available-for-sale security portfolio on December 31, Year 1 was as follows: Market Price per Share Dec. 31, Year 1 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, Year $19.5 77.5 28 Market Price per Share Dec. 31, Year 1 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, Year 1. $19.5 77.5 28 Year 1, Dec. 31 b. Is there any impact of December 31, Year 1 journal entry on the income statement? of the ,any unrealized gain/loss is reported