YLCIIouncements Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. Your answer is correct. Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) If no entry is required, select "No entry" for the account titles and enter o Cre Debit No. Account Titles and Explanation SHOW LIST OF ACCOUNTSSHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR EXE By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Polid Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts. Sandhill Company Balance Sheet (Partial) Sandhill Company Income Statement (Partial) Sandhill, Company Comprehensive Income Statement ACCOUN SHOW LIST OF ACCOUNTIs VIDEO SIMILAR EXERCISEVIDEO SIMILAR EXERCISE MacBook Pro