Kitty Company began operations in 2014 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Trading Securities Cost Fair Value December 31, 2014 $ 37 $ 35 December 31, 2015 42 46 December 31, 2016 60 69 December 31, 2017 56 55 Prepare journal entries to record each December 31 year-end fair value adjustment for these

Date	General Journal	Debit	Credit
Dec 31, 2014	Unrealized lossIncome	2
	Fair value adjustmentTrading (ST)		2
Dec 31, 2015	Fair value adjustmentTrading (ST)	6
	Unrealized gainIncome		?
Dec 31, 2016	Fair value adjustmentTrading (ST)	5
	Unrealized gainIncome		5
Dec 31, 2017	Unrealized lossIncome	?
	Fair value adjustmentTrading (ST)	10

Also for Dec 31, 2015 for unrealized gain- income the answer is not "4"

for Dec 31, 2017 for unrealized loss - income the answer is not "1"