Reporting trading securities

During its first year of operations, Colfman Inc. purchased trading securities with excess cash for $$$5,000.$ Colfiman Inc, expects it will sell the securities within the next yeac. At the end of the year, these securities had a market value of $$61,500.$

a$.$ Show how the securities would be reported on coffman inci's year$-$end balance sheet.

b$.$ Explain how the increase in fair value of the securities would be reported on Colfman Inci'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