On December 31, Mars Co. had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Portfolio of Stock Investments Apple stock Chipotle stock Under Armour stock Cost $11,100 10,800 13,700 Fair Value $14,800 8,300 16,000 1. After the fair value adjustment is made, prepare the assets section of Mars Co.'s December 31 classified balance sheet. Assume Mars plans to sell its trading securities within the next six months. 2. In which income statement section is the unrealized gain (or loss) on the portfolio of stock investments reported? Complete this question by entering your answers in the tabs below. Required 1 Required 2 After the fair value adjustment is made, prepare the assets section of Mars Co.'s December 31 classified balance sheet. Assume Mars plans to sell its trading securities within the next six months. MARS CO. Assets Section of Balance Sheet December 31 Assets Current assets 35,600 Stock investments (at cost) Fair value adjustmentStock 3,500 Required 2 > Debt investments-Available-for-sale (fair value) Debt investments-HTM (fair value) Debt investments-Trading (fair value) Stock investments (fair value)