On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $379,100, and the fair value was $348,000. Prepare the December 31 adjusting journal entry to record the unrealized gain or loss on trading investments. Refee Chart of Accounts for exact wording of account titles. POST. REF. DEBIT DATE DESCRIPTION CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries Dec. 31Valuation Allowance for Tradi stments 31,100.00 Unrealized Loss on Trading Investments 31,100.00