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on january 1, 2012 valuation allowance for trading investments had a zero balance. on december 31, 2012, the cost of the trading securites portfolio was

on january 1, 2012 valuation allowance for trading investments had a zero balance. on december 31, 2012, the cost of the trading securites portfolio was 105,800 and the fair value was 101,600. prepare the december 31, 2012, adjusting journal entry to record the unrealized gain or loss on trading investments

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