Interpreting Footnote Disclosures for Investments CNA Financial Corporation provides the following footnote to its 201810K report. Investments The company classifies its fixed maturity securities as either available-for-sale or trading, and as such, they are carried at fair value. Changes in fair value of trading securities are reported within Net investment income on the Consolidated Statements of Operations. Changes in fair value related to available-for-sale securities are reported as a component of Other comprehensive income. The following table provides a summary of fixed maturity and equity securities. (b) Compute the net unrealized gain or loss on CNA's investment portfolio. Use a negative sign with your answer to indicate an unrealized loss. \$ million How do CNA's balance sheet and income statement reflect this net unrealized gain or loss? Osecurities are reported at historical cost. Gains and losses are recognized upon sale of the securities. Securities are reported at fair value. Unrealized gains and losses are recognized currently in net income. OSecurities are reported at fair value. Unrealized gains and losses on AFS securities are recorded in accumulated other comprehensive income. Osecurities are reported at fair value. Only unrealized losses are recognized in net income. Unrealized gains are deferred and recognized upon sale of the securities. (c) How do CNA's balance sheet and income statement reflect gains and losses realized from the sale of available-for-sale securities? Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in the AOCI account to reflect the elimination of previously recorded unrealized gains and losses. No entry is required as the securities are currently reported at fair value and all unrealized gains and losses are reflected in current income. The fair value changes bypass the income statement. Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in cash and cash equivalents to reflect the elimination of previously recorded unrealized gains and losses. Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in retained earnings to reflect the elimination of previously recorded unrealized gains and losses. Please answer all parts of the