Zeus Investments Inc. is a regional investment company that began operations on January 1, Year 1. The following transactions relate to trading securities acquired by Zeus Investments Inc., which has a fiscal year ending on December 31: Year 1 Feb. 14. Purchased 3,100 shares of Apollo Inc. as a trading security at $38 per share plus a brokerage commission of $620. Apr. 1. June 1. Purchased 1,500 shares of Ares Inc. as a trading security at $15 per share plus a brokerage commission of $300. Sold 700 shares of Apollo Inc. for $39 per share less an $90 brokerage commission. June 27. Received an annual dividend of $0.14 per share on Apollo Inc. stock. Dec. 31. The portfolio of trading securities was adjusted to fair values of $42 and $16 per share for Apollo Inc. and Ares Inc., respectively. Year 2 Mar. 14. June 26. July 30. Dec. 31. Purchased 1,400 shares of Athena Inc. as a trading security at $44 per share plus a $210 brokerage commission. Received an annual dividend of $0.17 per share on Apollo Inc. stock. Sold 300 shares of Athena Inc. for $38 per share less a $90 brokerage commission. The portfolio of trading securities had a cost of $163,045 and a fair value of $158,900, requiring a credit balance in Valuation Allowance for Trading Investments of $4,145 ($163,045 $158,900). Thus, the debit balance from December 31, Year 1 is to be adjusted to the new balance. Date Description Debit Credit Year 1 Feb. 14 Apr. 1 June 1 June 27 Dec. 31 Dec. 31 Year 2 Mar. 14 June 26 July 30 Dec. 31 Dec. 31 2. Prepare the investment-related current asset balance sheet presentation for Zeus Investments Inc. on December 31, Year 2. Current Assets: Zeus Investments Inc. Balance Sheet (selected items) December 31, Year 2 3. How are unrealized gains or losses on trading investments presented in the financial statements of Zeus Investments Inc.? Unrealized gains or losses are reported in the often as