Julie McBeth Company made two short-term investments in marketable securities during the current fiscal year. At year-end, the following summary information was available.

a. Purchased 5% of the outstanding common shares of Duncan Company for $300,000 plus brokerage fees of $30,000.

b. Purchased 2% of the outstanding common shares of Macduff Company for $400,000 plus brokerage fees of $40,000.

c. At year-end, the Duncan shares had a market value of $350,000. The Macduff shares had a market value of $360,000. McBeth owned no other investments in common stock.

Show how the two purchases of stock and the year-end information would be entered into McBeth’s accounting system. What information regarding these investments will you expect to see reported on the year-end balance sheet? Be specific as to account names, their location on the balance sheet, and dollar amounts.