Question $9(1$ point$)$

$9.$ Cost and fair value data for the trading securities of McMahon Company at December $31,2020,$ are $$110,000$ and $$85,000,$ respectively. Which of the following correctly presents the adjusting journal entry to record the securities at fair value?

$$ Dec. $31$ Fair Value Adjustment $-$Trading $q,$ Unrealized Gain$-$Income. $q,25,000$

Dec. $31$ Unrealized Loss $-$ Income $q,$ Trading Securities. $q,25,00025,000$

Trading Securities $q,$

Dec. $31$ Unrealized Gain$-$Income $q,$ Trading Securities $q,25,00025,000$

Dec. $31$ Trading Securities $q,$

Dec. $31$ Unrealized Loss $-$ Income $q,$ Fair Value Adjustment$-$Trading $25,00025,000$

Dec. $31$ Unrealized Loss $\_$Income.............. Fair Value Adjustment$-$Trading