The cost and fair value of the trading securities held by Lindy Company as of December 31 are as follows: Name Number of Shares Cost per Share Fair Value per Share Laurie, Inc. 1,200 $10.50 $11.05 Scott Corp. 600 9.00 9.85 Stephanie Company 900 4.10 4.00 Timmer Company 1,400 7.35 6.82 Total Required: 1. Complete the table above to find the total cost and fair value for the company's trading securities portfolio. Name Laurie, Inc. Scott Corp. Stephanie Company Timmer Company Total Total Cost Total Fair Value $ 2. Calculate and record the required December 31 adjustment. Dec. 31 3. Explain how the adjustment from part 2 is reported on Lindy's financial statements. The will be reported on the income statement as other income. The will be to the cost of investments and be reported under current assets.