Turquoise Co. has adopted appropriate accounting for its investments in debt and equity securities. Turquoise has a portfolio of marketable equity securities that it does not intend to sell in the near future. How should Turquoise classify these securities, and how should it report unrealized gains and losses from these securities? 20. Classification Reporting (a) (b) (c) (d) Trading Available For Sale Trading Available For Sale Income From Continuing Operations Separate Item in Stockholders' Equity Separate Item in Stockholders' Equity Income From Continuing Operations 21. Cobalt Co.'s adjusted trial balance at December 31, 20X4, includes the following account balances (all have their normal balances). COBALT CO. SELECTED ACCOUNT BALANCES FROM ADJUSTED TRIAL BALANCE AT DECEMBER 31, 20X4 Common Stock, $5 par value Paid In Capital in Excess of Par Value Treasury Stock, at cost Net Unrealized Loss on Available For Sale Equity 700,000 500,000 150,000 Securities 15,000 Retained Earnings, Appropriated For Uninsured Earthquake Losses 250,000 350,000 Retained Earnings, Unappropriated What amount should Cobalt report as total stockholders' equity in its December 31, 20X4 balance sheet? (a) $1,665,000. (b) $1,965,000. (c) $1,935,000. (d) $1,635,000