30. Geddes and Company, Inc.'s portfolio of trading securities had a total cost of $15,500, and a fair value of $18,000, on December 31, 2018, the first year the securities were held. Required: 1)...

Please answer required 1,2

Extracted text: 30. Geddes and Company, Inc.'s portfolio of trading securities had a total cost of $15,500, and a fair value of $18,000, on December 31, 2018, the first year the securities were held. Required: 1) Calculate any unrealized gain or loss and 2) Prepare the General Journal Entries (in the full proper form) to Record the Transaction.