The investments of Charger Inc, include an investment of trading socuilties of Raiders Inc. purchased on February 24,20y7, for $171,000. The fair value of the securities on December 31,20y, is $225,000. a. Journalize the entries for the February 24 purchase and the adjustment to fair value on December 31,20%7, If an amount box does not require an entry, leave it blank. b. How is a unrealized gain or loss for trading investmeots reported on the financial statements? The unrealized gain or unrealiued less on trading imvestments is reported on the (or a separete item if significant). Unrealized losses would be In determining net income, whle unrealized gains would be in determining net income.. c. If the Raider inc, securities had been classified as avalable-for-sale securities, how would the investment be reported on the financial statements? The unrealued gain on mailobie-por-sale investments would be reperted as The debit balance of Valuation Allowance for Avalable-for-sale Investments would be to the balance of the investments account of $171,000 to report the fair value of $225,000 on the