Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Cost $51 Portfolio of Trading Securities December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 Fair Value $42 Prepare journal entries to record each December 31 year-end fair value adjustment for these above securities View transaction list View journal entry worksheet No Date Debit Credit Dec 31, 2016 General Journal Unrealized loss-Income Fair value adjustment-Trading (ST) Dec 31, 2017 Fair value adjustment Trading (ST) Unrealized gain-Income 23 Dec 31, 2018 Fair value adjustment-Trading (ST) Unrealized gain-Income Dec 31, 2019 Unrealized loss -Income Fair value adjustment-Trading (ST)