Norris Co. purchased $36,000 of marketable securities on March 1, Year 1. On the company's fiscal year closing date, December 31, Year 1, the securities had a market value of $27,000. During Year 1, Norris Co. recognized $10,000 of revenue and $2,000 of expenses. Required a. Record a (+), , or (NA) In a horizontal statements model to show how the purchase of the securities affects the financial statements, assuming that the securities are classified as (1) held to maturity, (2) trading, or (3) avallable for sale. In the Cash Flow column, Indicate whether the event is an operating activity (OA), Investing activity (IA), or financing activity (FA). Use NA to Indicate that an element was not affected by the event. Record only the effects of the purchase event. Balance Sheet ncome Statement Event No ' Revenue-Expense |= Type Cash Flow Securities LiabilitiesStockholders Equity Income 1. Held-to-Maturity 2. Trading 3. Available-for-Sale . Determine the amount of net Income that would be reported on the Year 1 Income statement, assuming that the marketable securities are classified as (1) held to maturity. (2) trading, or (3) avallable for sale. (Amounts to be deducted and losses should be Indicated with a minus sign.) NORRIS CO Computation of Net Income For Year Ended December 31, Year 1 Held-to Classified as: Maturity TradingAvailable-for Sale Revenue Expenses Unrealized Loss Net Income (loss)