Included in Outkast Company's December 31, 2019, trial balance are the following accounts: Prepaid Rent $5,200, Held-for-Collection

Question:

Included in Outkast Company's December 31, 2019, trial balance are the following accounts: Prepaid Rent $5,200, Held-for-Collection Securities $56,000, Unearned Service Revenue $17,000, Land Held for Investment $39,000, and Notes Receivable (long-term) $42,000. Prepare the long-term investments section of the statement of financial position.

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