On November 11, 2017, Wads worth Company purchased 20 shares of ZZZ for $8 per share. Wads

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On November 11, 2017, Wads worth Company purchased 20 shares of ZZZ for $8 per share. Wads worth held the investment for the remainder of 2017, and as of December 31, the per-share market value of ZZZ had risen to $10. During 2018, Wads worth sold 10 shares of ZZZ for $9 each, and at the end of 2018, the per-share market price of the remaining 10 shares was $12. During 2019, the remaining shares of ZZZ were sold for $14 each. Assume that Wads worth held no other equity investments during this time period.
a. Complete the following chart. The first column assumes that the investment was accounted for under current accounting rules and the second under historical cost rules.Current Historical 2017 unrealized income 12/31/17 balance sheet investment value 2018 gain on sale of investments 12/31

b. Comment on the differences.

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