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On December 31, Mors Co had the following portfolio of stock investments with insignificant Influence Mors had no stock investments in prior periods Portfolio of

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On December 31, Mors Co had the following portfolio of stock investments with insignificant Influence Mors had no stock investments in prior periods Portfolio of Stock Investments Cost Fair Valur Apple stock $ 8,100 $10.800 Chipotle stock 6,800 4,300 Under Armour stock 12,700 14,800 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 for 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 classifled 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 Required 2 > Required Required 2 in which income statement section is the unrealed gain or loss) on the portfolio of stock investments reported? in which como conserved on or on the portfolio of ones reported

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