Required information [The following information applies to the questions displayed below] On December 31, Mars Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Cost $ 6,000 Fair Value $ 8,000 Under Armour stock 4,000 12,000 1,500 14,000 Chipotle stock 1. 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. 2. In which income statement section is the unrealized gain (or loss) on the portfolio of stock investments 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 Mars Company's December 31 classified balance sheet. Assume Mars plans to sell its stock investments within the next six months. MARS COMPANY Assets Section of Balance Sheet December 31 Assets In which income statement section is the unrealized gain (or loss) on the portfolio of stock investments reported? In which income statement section is the unrealized gain (or loss) on the portfolio of stock investments reported? Required 1 Fuggled 2