[The following information applies to the questions displayed below.] On December 31, Mars Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Chipotle stock Under Armour stock Cost $ 5,800 4,100 11,400 Fair Value $ 8,000 2,400 13,500 Exercise C-11 (Algo) Reporting stock investments on financial statements LO P4 1. After the fair value adjustment is made, prepare the assets section of Mars Company's December 31 classified balance sheet. Assume Mars plans to sell its stock investments within the next six months. 2. In which income statement section is the unrealized gain (or loss) on the portfolio of stock investments reported? Complete this question by entering your answers in the tabs below. Required 1 Required 2 After the fair value adjustment is made, prepare the assets section of Mars Company's December 31 classified balance sheet. Assume Mars plans to sell its stock investments within the next six months. MARS COMPANY Assets Section of Balance Sheet December 31 Assets Current assets Stock investments (at cost) Stock investments (fair value) < Required 1 Required 2 >