During 2015, its first year of operations, Welland Ltd. purchased two available-for-sale investments as follows:

Assume that as at December 31, 2015, the Kitchener shares had a market value of $38 per share, and the Waterloo bonds had a market value of 98. Welland Ltd. had net income of $428,000 and paid $20,000 in dividends on 100,000 common shares (500,000 authorized) for the year ended December 31, 2015. Welland's common shares had a value of $328,000.
a. Prepare the Current Assets section of the balance sheet presentation for the available- for-sale investments.
b. Prepare the Shareholders' Equity section of the balance sheet to reflect the earnings and unrealized holding gain (loss) for the available-for-sale investments.