Scholar House Inc. is a book publisher. The comparative statement of financial posi- tion for December 31, 2016 and 2015, is provided below. Selected missing balances are shown by letters.

Note 1. Investments are classified as available-for-sale. The investments at cost and fair value on December 31, 2015, are as follows:

Note 2. The investment in Nahum Co. shares is an equity-method investment repre- senting 32% of the outstanding shares of Nahum Co. Note 3. Scholar House Inc. treats brokerage fees as part of the investment cost.
The following selected investment transactions occurred during 2016:
2016
May 5. Purchased 500 shares of High-Star Inc. at $29 per share plus a $100 brokerage commission.
Jun. 12. Dividends of $1.25 per share are received on the Dynasty Co. investment.
Jul. 9. Dividends of $5,700 are received on the Nahum Co. investment.
Sep. 1. Purchased $18,000 of Opus Co. 5%, 10-year bonds at 100. The bonds are classified as available-for-sale. The bonds pay interest on September 1 and March 1.
Dec. 31. Nahum Co. reported a total net income of $60,000 for 2016. Scholar House recorded equity earnings for its share of Nahum Co. net income.
31. Accrued 4 months of interest on the Opus bonds.
31. Adjusted the available-for-sale investment portfolio to fair value using the following fair value per share amounts:
Available-for-Sale Investments ________________ Fair Value
Barns Co. shares .................................... $10 per share
Dynasty Co. shares ................................. $35 per share
High-Star Inc. shares .............................. $30 per share
Opus Co. bonds .................................... 97 per $1,000 of face value
31. Closed the Scholar House Inc. net income of $64,900 for 2016. Scholar House paid no dividends during 2016.
Instructions
1. Journalize the 2016 transactions.
2. Determine the missing letters in the unclassified statement of financial position.
Provide appropriate supporting calculations

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Scholar House Inc. Statement of Financial Position December 31, 2016 and 2015 Dec. 31, 2015 Dec. 31, 2016 Current assets: Cash. Accounts receivable, net.. $178.000 $157.000 106,000 98,000 51.000 Available-for-sale investments (fair value)-Note 1 Interest receivable. Total current assets.. a. b. 306.000 .......... Noncurrent assets: Investment in Nahum Co. shares-Note 2. d. 64.000 Office equipment (net).. Total noncurrent assets 90.000 95.000 159,000 Total assets $465,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable. Shareholders' equity: Common shares.. $ 56,900 $ 51,400 210,000 210,000 Retained earnings Accumulated other comprehensive income Total shareholders' equity. Total liabilities and shareholders' equity . 206.000 g. (2,400) 413,600 $465.000 h. Cost per Total Total Fair No. of Shares Share $12 38 Cost Value Barns Co. shares $19,200 $18.000 1,600 900 Dynasty Co. shares $53,400 $51,000