Spring 2020 - Fair Val Question 1 The following are the costs and fair values for two inve December 31, 2020. Fair Value Adjustments s for two investment in stocks (Trading Securities) on Cost Company A - Stock 1 Company A - Stock 2 S Foir Value 650,000 360,000 $ 710,000 340,000 Required: 1) Calculate the Unrealized Holding Gains and losses. 2) Does the Unrealized Holding Gains and Losses affect the inco 3) Prepare the journal entry to record any Unrealized Holding Gal ect the income Statement or Balance Sheet? d Holding Gains and Losses