Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] On December 31, Mars Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Cost $ 6,500 Fair Value $ 8,600 Under Armour stock 1,800 14,300. Chipotle stock 3,300 12,800 Exercise 15-11 (Algo) Reporting stock investments on financial statements LO P4 1. After the fair value adjustment is made, prepare the assets section of Mars Company's December 31 classified balance sheet. Assume Mars plans to sell its stock investments within the next six months. 2. In which income statement section is the unrealized gain (or loss) on the portfolio of stock investments reported?