On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Cost Fair Value Verrizano Corporation bonds $ 71,000 $ 69,580 Preble Corporation notes 52,000 46,280 Lucerne Company bonds 67,000 64,320 (a) After the fair value adjustment is made, prepare the assets section of Reggit Companys December 31 classified balance sheet. (b) Is the unrealized gain (or loss) on the portfolio of available for sale securities reported on the income statement?