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Question #2 The following are the cost and fair value for a debt investment (Available to December 31, 2020. of investment Available for Sale) on

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Question #2 The following are the cost and fair value for a debt investment (Available to December 31, 2020. of investment Available for Sale) on Fair Value Debt Investment - Available for Sale Cost 10,000,000 $ $ 9,000,000 Assume the company had Net Income of $620,000 at the end of 2020 Required: 1) Calculate the Unrealized Holding Gains and Losses. 2) Does the Unrealized Holding Gains and Losses affect the Income Statement or Balance Sheet 3) Prepare the journal entry to record any Unrealized Holding Gains and Losses. 4) Show how this affects the Statement of Comprehensive income

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