Pharoah Company began operations in $2020.$ Since then, it has reported the following gains and losses for its equity investments in on the income statement:

$202020212022$

Gains $($losses$)$ from sale of securities $$14,400$ $$(19,600)$ $$13,200$

Unrealized holding losses on valuation of securities $(25,900)(15,100)$

Unrealized holding gain on valuation of securities $10,900$

At January $1,2023,$ Pharoah owned the following equity securities:

Cost

BKD Common $(15,000$ shares @ $$28)$ $$420,000$

LRF Preferred $(2,500$ shares @ $$104)260,000$

During $2023,$ the following events occurred:

$1.$ Sold $4,700$ shares of BKD for $$159,800.$

$2.$ Acquired $1,000$ shares of Horton Common for $$41$ per share. Brokerage commissions totaled $$1,000.$

At $12/31/23,$ the fair values for Pharoah's investments were:

BKD Common, $$26$ per share

LRF Preferred, $$109$ per share

Horton Common, $$46$ per share

$($a$)$

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Compute the balance in the Fair Value Adjustment account at December $31,2022($after the adjusting entry for $2022$ is made$).($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Balance in fair value adjustment account $Type your answer here

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$($b$)$

Compute the aggregate cost and fair values for Pharoah's securities portfolio at $12/31/23.$

Aggregate cost $

Aggregate fair value $

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