Reporting trading securities

During its first year of operations, Coffman Inc. purchased trading securities with excess cash for $$50,000.$ Coffman Inc. expects it will sell the securities within the next year. At the end of the year, these securities had a market value of $$61,500.$

a$.$ Show how the securities would be reported on Coffman Inc.$\text{'}$s year$-$end balance sheet.

b$.$ Explain how the increase in fair value of the securities would be reported on Coffman Inc.$\text{'}$s income statement for the year.

The increase in value of the securities of $ would be reported on the income statement as an on as part of