Uttinger company has the following data at december 31, 2015

E12-12 Uttinger Company has the following data at December 31, 2015.
Securities                     Cost Fair          Value
Trading                        $12,000                       $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 gain (loss) accounts.

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