Webster Inc. carries the following marketable equity securities on its books at December 31, 2009, and 2010. All securities were purchased during 2009 and there were no beginning balances in any market adjustment accounts on January 1, 2009. Trading Securities: Market Market Cost Dec 31, 2009 Dec 31, 2010 V Company $ 50,000 $ 26,000 $ 40,000 W Company 26,000 40,000 40,000 X Company 70,000 60,000 50,000 Total $146,000 $126,000 $130,000 Available-for-Sale Securities: Y Company $420,000 $360,000 $200,000 Z Company 100,000 120,000 240,000 Total $520,000 $480,000 $440,000 The cost method is used in accounting for all investments in securities. (1) Give the adjusting entries necessary to record the valuations for both trading and available-for-sale securities at December 31, 2009 and 2010. (2) What net effect would these entries have on 2009 and 2010 net income?