Question 53 1 pts At the end of its first year, the trading securities portfolio consisted of the following common stocks Fair Value Cost $46,500 $50,000 60,000 Atrium Corporation 58,000 76,400 $186,500 $184,400 Barnes Inc Cantor Corporation 80,000 The unrealized loss to be recognized under the fair value method is O $2,000 e $5,600 O $2,100 O $3,600. Question 54 1 pts Cost and fair value data for the trading securities of McMahon Company at December 31, 2017, are $110,000 and $85,000, respectively. Which of the following correctly presents the adjusting jourmal entry to record the securities at fair value? DebitUnrea zed Lossiincome 25,000 Credit Trading Securities25,000 Debit UArealized Gainincome 25,000 Credit Trading Securites25,000 DebitUnraa zed Losstincone 25,000 Credit Fair Vale Adjustment Trad ng 25,000 CebiFair Vs ue Adj.strant Trading 25 000 Creat Unreal zed Gainincome 25.000