The information below is available for Kinney Company at December 31, 2012, regarding its investments. Securities Cost Fair Value 3,000 shares of Petty Corporation Common Stock 47,660 52,890 1,000 shares of Dowe Incorporated Preferred Stock 28,100 25,190 75,760 78,080 (a) Prepare the adjusting entry (if any) for 2012, assuming the securities are classified as trading. Description/Account Debit Credit Fair Value Adjustment (Trading)Unrealized Holding Gain or Loss-IncomeFair Value Adjustment (AFS)Unrealized Holding Gain or Loss-EquityCashPreferred StockCommon StockHeld-to-Maturity Securities Fair Value Adjustment (AFS)Unrealized Holding Gain or Loss-EquityCommon StockCashPreferred StockHeld-to-Maturity SecuritiesUnrealized Holding Gain or Loss-IncomeFair Value Adjustment (Trading) (b) Prepare the adjusting entry (if any) for 2012, assuming the securities are classified as available-for-sale. Description/Account Debit Credit CashUnrealized Holding Gain or Loss-IncomePreferred StockFair Value Adjustment (Trading)Fair Value Adjustment (AFS)Held-to-Maturity SecuritiesCommon StockUnrealized Holding Gain or Loss-Equity Fair Value Adjustment (AFS)Unrealized Holding Gain or Loss-EquityHeld-to-Maturity SecuritiesFair Value Adjustment (Trading)Preferred StockUnrealized Holding Gain or Loss-IncomeCashCommon Stock