Required information [The following information applies to the questions displayed below.] On December 31, ABC Company held the following short-term investments in its portfolio of available-for-sale debt securities. ABC had no short-term investments in its prior accounting periods. Available-for-Sale Securities Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Cost $61,000 42,000 57,000 Fair Value $59,780 37,380 54,720 (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 A Required B >