! Required information [The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Cost $ 77,000 58,000 73,000 Fair Value $ 75,460 51,620 70,080 (a) After the fair value adjustment is made, prepare the assets section of Reggit Company's December 31 classified balance sheet. (b) Is the unrealized gain (or loss) on the portfolio of available-for-sale securities reported on the income statement? Complete this question by entering your answers in the tabs below. Required A Required B After the fair value adjustment is made, prepare the assets section of Reggit Company's December 31 classified balance sheet. (Amounts to be deducted should be indicated with a minus sign.) REGGIT COMPANY Assets Section of Balance Sheet December 31 Assets Required B >