Balance sheet presentation, trading investments OBJ. 4 The income statement for Delta-tec Inc. for the year ended December 31, 2016, was as follows:

Delta-tec Inc.

Income Statement (selected items)

For the Year Ended December 31, 2016 Income from operations $299,700 Gain on sale of investments 17,800 Less unrealized loss on trading investments 72,500 Net income $245,000 The balance sheet dated December 31, 2015, showed a Retained Earnings balance of $825,000. During 2016, the company purchased trading investments for the first time at a cost of $346,000. In addition, trading investments with a cost of $66,000 were sold at a gain during 2016. The company paid $65,000 in dividends during 2016.

a. Determine the December 31, 2016, Retained Earnings balance.

b. Provide the December 31, 2016, balance sheet presentation for Trading Investments.