The investments of Steelers Inc. include a single investment: 30,470 shares of Bengals Inc. common stock purchased on September 12, 2016, for $14 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, 2016, balance sheet date, the share price declined to $12 per share. Required: A. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December 31, 2016. Refer to the Chart of Accounts for exact wording of account titles. B. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements?

B. How is the unrealized gain or loss for available-for-sale investments disclosed on the financial statements? Unrealized Gain (Loss) on Available-for-Sale Investments is reported in the Stockholders Equity section of the balance sheet, separately from the retained earnings or paid-in capital accounts. On December 31, 2016, the account would show a ______ balance of _____ , which would be ____ stockholders equity.