On March 17, 2013, Union Corporation purchased 5,000 shares of AZQ common stock as a long-term investment at $40 per share. On December 31, 2013, and December 31, 2014, the market value of the AZQ stock is $42 and $43, respectively. (1.) What is the appropriate reporting category for this stock? Why? (2.) Prepare the adjusting entry on December 31, 2013. (3.) Prepare the adjusting entry on December 31, 2014.