Uttinger Company has the following data at December 31, 2015.

SecuritiesCost Fair value

Trading $120.000 126,000

Available for sale $100,000 96,000

The available for sale securities are held as a long term investment

a) Prepare the adjusting entries to report each class of securities at fair value

b) Indicate the statement presentation of each class of securities and the related unrealized again (loss) accounts.