Help me with my accounting homework

EX $15-15$ Fair value journal entries, trading investments

The investments of Charger Inc. include a single investment: $14,500$ shares of Raiders Inc.

common stock purchased on February $24,2014,$ for $$38$ per share including brokerage

commission. These shares were classified as trading securities$.$ As of the December $31,$

$2014,$ balance sheet date, the share price had increased to $$42$ per share.

a$.$ Journalize the entries to acquire the investment on February $24,$ and record the adjust$-$

ment to fair value on December $31,2014.$

b$.$ How is the unrealized gain or loss for trading investments reported on the financial

statements?