On December 31, 2020 (fiscal year-end) Chair, Inc.'s Trading Security Portfolio has a market value of $110,000. All securities in the portfolio were purchased during 2020, and had a total cost of $105,000. What effect would the change in market value (fair value) have on Chair, Inc.'s financial statements for the year ending December 31, 2020. If there is no effect, simply answer "no effect". Type your answers in the respective text boxes: Income Statement: Balance Sheet: Assume that all facts regarding Chair, Inc.'s investment portfolio are the same as stated above, with the exception that the investments had been classified as Available-for-sale. Identify how the change in market value affected Chair, Inc.'s financial statements for the year ending December 31, 2020. If there is no effect, simply answer "no effect". Type your answers in the respective text boxes: Income Statement: Balance Sheet