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:
Electronic Monitor
An electronic device used to continuously monitor various physiological parameters, such as heart rate, blood pressure, and oxygen saturation, for patient care.
Tachypnea
An abnormally rapid breathing rate, which may be a symptom of illness or distress.
Respiratory Rate
A measure of the number of breaths a person takes per minute, which is a critical vital sign in assessing an individual's respiratory health.
Eupnea
Normal, unlabored breathing at a restful rate, indicating good health and respiratory function.
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