Fair Value Journal Entries, Trading Investments Storm, Inc. purchased the following trading securities during 2049, its first year of operations: Name Number of Shares Cost Dust Devil, Inc. 1,900 $81,700 Gale Co. 850 68,000 Whirlwind Co. 2,850 114,000 Total $263,700 The market price per share for the trading security portfolio on December 31, 2049, was as follows: Market Price per Share, Dec. 31, 2019 Dust Devil, Inc. $40 Gale Co. 75 Whirlwind Co. 42 a. Provide the journal entry to adjust the trading security portfolio to fair value on December 31, 2049. If an amount box does not require an entry, leave it blank. 2049 Dec. 31 b. Is there any impact of December 31, 2019 journal entry on the income statement? any unrealized gain/loss is reported of the