Jupiter Bank decides to invest in trading securities in order to take advantage of short term gains. The bank purchased the following securities for the year 2017.

Jan. 15, 2017 Purchased 1,000 shares of Corbin Company common stock for $89 per share

May 23, 2017 Purchased 1500 shares of Petro Company common stock for $75 per share

At the end of 2017 Corbin Company's common stock was trading on the market at $93 per share, and Petro's common stock had a market price of $70 per share.

Required:

1.) Prepare journal entries to record the preceding information.

2.) What is the unrealized holding gain or loss and where is it reported on the 2014 financial statements?