During the month, Blue, Inc. purchased 1,050 shares for $7.00 per share and classified them as trading investments. At the end of the month, the price of the securities was $11.25 per share. What adjusting entry, if any, will Blue, Inc. record when it closes its books at the end of the month to reflect this change in value?ᐧ   a Dr. Valuation Allowance for Trading Investments $11,812.50   Cr.        Unrealized Gain on Trading Investments   $11,812.50b Dr. Unrealized Loss on Trading Investment $4,462.50   Cr.        Valuation Allowance for Trading Investments   $4,462.50c Dr. Valuation Allowance for Trading Investments $4,462.50   Cr.        Unrealized Gain on Trading Investments   $4,462.50 Because the trading investments were not sold during the month, no adjusting entry is required. d Dr. Valuation Allowance for Trading Investments $4,462.50   Cr.        Realized Gain on Trading Investments   $4,462.50

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