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Required information [The following information applies to the questions displayed below! Kitty Company began operations in the current year and acquired short-term debt investments in

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Required information [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 $12,000 $ 9,000 Nike Bonds 20,000 21.000 Ford Bonds 5,000 4,000 (1) After the fair value adjustment is made prepare the assets section of Kitty Company's December 31 classified balance sheet (2) In which income statement section is the unrealized gain for loss) on the portfolio of trading securities reported? Complete this question by entering your answers in the tabs below. Required 1 Required 2 After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet (1) After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet (2) In which income statement section is the unrealized gain (or loss) on the portfolio of trading securities reported? Complete this question by entering your answers in the tabs below. Required 1 Required 2 After the fair value adjustment is made, prepare the assets section of Kitty Company's December 31 classified balance sheet. (Amounts to be deducted should be indicated with a minus sign. KITTY COMPANY Assets Section of Balance Shoot December 31 Assets Required 2 >

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