Balance sheet presentation of available-for-sale investments OBJ. 4 During 2016, Copernicus Corporation held a portfolio of available-for-sale securities having a cost of $185,000. There were no purchases or sales of investments during the year. The market values at the beginning and end of the year were $225,000 and $160,000, respectively. The net income for 2016 was $180,000, and no dividends were paid during the year.

The Stockholders’ Equity section of the balance sheet was as follows on December 31, 2015:

Copernicus Corporation Stockholders’ Equity December 31, 2015 Common stock $ 50,000 Paid-in capital in excess of par 250,000 Retained earnings 340,000 Unrealized gain (loss) on available-for-sale investments 40,000 Total $680,000 Prepare the Stockholders’ Equity section of the balance sheet for December 31, 2016.