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Joumal entries for trading investments The investments of Charger Inc. Include an investment of trading securities of Raiders Inc. purchased on February 24,207, for $342,000. The fair value 0 the securities on December 31,20Y7, is $456,000. a. Journalize the entries for the February 24 purchase and the adjustment to fair value on December.31, 20y7, If an amount box does not require an entry, leave it blanki b. How is a unrealized gain or loss for trading investments reported on the financial statements? The unrealized gain or unrealized loss on trading investments is reported on the losses would be in determining net income, while unreallzed gains would be (or a separate item if significant). Unrealized. c. If the Raiders inc, securities had been classified as avaliable-for-sale securities, how would the investment be reported on the financial statements? The unrealized gain on available-for-sale investments would be reported as The debit balance of Valuation Allowance for Avallabiefor-5ale investments would be to the balance of the investments account of $342,000 to report the fair value of $456,000 on the