Reporting available-for-sale securities During its first year of operations, Giovani Foods purchased available-for-sale securities for $37,500. Giovani Foods expects it will sell the securities within the next year. At the end of the year, these securities had a market value of $33,900. Explain how the decrease in fair value of the securities would be reported on Giovani Foods' financial statements for the year? The available-for-sale securities would be reported as a with a cost of $37,500 less the The of $ of $ on the balance sheet for a net fair value of $33,900. would be reported as a reduction of on the balance sheet.