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i dont understand what those 3 should be on the partial balance sheet if not those. Blossom Company has these data at December 31, 2022,

i dont understand what those 3 should be on the partial balance sheet if not those. image text in transcribed
image text in transcribed
image text in transcribed
Blossom Company has these data at December 31, 2022, the end of its first year of operations. Debt Securities Trading Available-for-sale Cost $119.190 103.300 Fair Value $123,060 87,070 The available for-sale securities are held as a long-term investment (a) Your answer is correct Prepare the adjusting entries to report each class of securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 3870 Fair Value Adjustment Trading 31 3870 Unrealized Gain or Loss-Income (To record unrealized gar/lous on trading securities) 16:30 Doc 31 Unwald Gain or loss Equity 20 Fall Value Adjustment Available forside (To record unrelied goin/ions on available for Securities Your answer is partially correct. Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts. (Enter negative amounts using either a negative sign preceding the number es. 45 or parentheses ey. (45).) Blossom Company (Partial) Balance Sheet December 31, 2022 Current Assets 123060 Fair Value Adjustment Trading Investments 87070 Fair Value Adjustment-Available for Sale Stockholders' Equity 16230 Unrealized Ganor Los Equity

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