Some of Wildhorse Corporations investments in debt securities are classified as trading securities and some are classified as available-for-sale. The cost and fair value of each category at December 31, 2022, were as follows.

		Cost		Fair Value			Unrealized Gain (Loss)
Trading securities		$96,500		$84,000			$(12,500)
Available-for-sale securities		$58,500		$63,000			$4,500

At December 31, 2021, the Fair Value AdjustmentTrading account had a debit balance of $2,800, and the Fair Value AdjustmentAvailable-for-Sale account had a credit balance of $7,600. Prepare the required journal entries for each group of securities for December 31, 2022.

Question 11 of 18 > -/5 View Policies Current Attempt in Progress Some of Wildhorse Corporation's investments in debt securities are classified as trading securities and some are classified as available- for-sale. The cost and fair value of each category at December 31, 2022, were as follows. Unrealized Gain (Loss) Cost Fair Value Trading securities $96,500 $84,000 $(12,500) Available-for-sale securities $58,500 $63,000 $4,500 At December 31, 2021, the Fair Value Adjustment-Trading account had a debit balance of $2,800, and the Fair Value Adjustment- Available-for-Sale account had a credit balance of $7,600. Prepare the required journal entries for each group of securities for December 31, 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit Trading securities: 1. Available-for-sale securities: 2. Save for Later Attempts: 0 of 1 used Submit