Required information Skip to question [The following information applies to the questions displayed below.] Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. Portfolio of Trading Securities Cost Fair Value Tesla Bonds $ 15,900 $ 11,925 Nike Bonds 25,200 26,460 Ford Bonds 6,300 5,040 (1) After the fair value adjustment is made, prepare the assets section of Kitty Companys December 31 classified balance sheet. (2) In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported?