Fair Value Journal Entries, Available-for-Sale Investments Storm, Inc. purchased the following available-for-sale securities during Year 1, its first year of operations: Name Number of Shares Total Cost Dust Devil, Inc. 1,400 $40,880 Gale Co. 200 14,420 Whirlwind Co. 2,300 71,300 Total $126,600 The market price per share for the available-for-sale security portfolio on December 31, Year I was as follows: Market Price per Share Dec. 31, Year 1 Dust Devil, Inc Gale Co. Whirlwind Co. $20.5 78.5 30 a. Provide the journal entry to adjust the available-for-sale security portfolio to fair value on December 31, Year a. Provide the journal entry to adjust the available-for-sale security portfolio to fair value on December 31, Year Year 1, Dec. 31 - b. Is there any impact of December 31, Year 1 journal entry on the income statement? , any unrealized gain/loss is reported of the