The following information applies to the questions displayed below] Erooks Company purchases debt investments as trading securities at a cost of $68,000 on December 27 . This is its first and only purchase of such securities. At December 31 , these securities had a fair value of $81,000 ixercise 15-3 (Algo) Financial statement impact of trading securities LO P1 Irooks sells a portion of its trading securities (costing $34,000 ) for $37,250 cash. Analyze each transaction above by showing its iflects on the accounting equation-specifically, identify the accounts and amounts (including + or - ) for each transaction