ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false New Tab Calculator eBook Fair value journal entries, available-for-sale investments Final Question Journal Chart of Accounts Instructions Instructions The investments of Steelers Inc. include a single investment: 35,500 shares of Bengals Inc. common stock purchased on September 12, 20Y7, for $13 per share including brokerage commission. These shares were classified as avallable-for-sale securities. As of the December 31, 20Y7, balance sheet date, the share price declined to $10 per share. A. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December 31, 20Y7. Refer to the Chart of Accounts for exact wording of account titles. B. How is the unrealized gain or loss for available-for-sale investments disciosed on the financial statements? Fair value journal entries, available-for-sale investments Chart of Accounts Instructions Journal Final Question X) Instructions Journal Final Question B. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements? Unrealized Gain (Loss) on Avalable-for-Sale Investments is reported in the Stockholders' Equity section of the balance sheet, separately from the retained eamings or paid-in capital accounts. On December 31, 20Y7, the account would show a which balance of stockholders' equity. would be $106,500 $461,500 $355,000 $35,500