The cost and fair value of the trading securities held by Lindy Company as of December 31 are as follows: 
(a) Complete the table above to find the total cost and fair value for the company's trading securities portfolio.
(b) Calculate and record the required December 31 adjustment.
(c) Explain how the adjustment from part
(b) is reported on Lindy's financial statements.
Definitions:
Military Pay
The compensation, including salary, benefits, and allowances, provided to members of the armed forces, varying by rank, experience, and duty status.
Civilian Jobs
Employment positions not associated with the military or defense sectors, available to the general public.
Pay Surveys
Research conducted to collect and analyze data on wages and salaries within an industry, region, or occupation to determine competitive compensation levels.
Pay Differentials
Variations in pay for employees, often based on factors such as geographic location, job duties, industry standards, or skill levels.
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