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On December $31,$ Mars Company had the following portfolio of stock Investments with Insignificant Influence. Mars had no

stock Investments In prior periods.

After the falr value adjustment is made, prepare the assets sectlon of Mars Company's December $31$ classlfied balance sheet.

Assume Mars plans to sell its stock Investments within the next slx months.

In which income statement section is the unrealized galn $($or loss$)$ on the portfolio of stock investments reported?

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After the fair value adjustment is made, prepare the assets section of Mars Company's December $31$ classified balance sheet.

Assume Mars plans to sell its stock investments within the next six months.