DE16-3 Marquette Corp. reports its annual financial statements on June 30 each year. Marquette purchased 100 shares

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DE16-3 Marquette Corp. reports its annual financial statements on June 30 each year. Marquette purchased 100 shares of stock in each of three companies:

a. Investment in Dell Computer to be sold within the next 9-12 months.

b. Investment in AT&T to be sold within the next 90 days.

c. Investment in eBay to be sold within the next two years. Classify each investment as (1) a current asset or a long-term asset, and (2) a trading invest- ment or an available-for-sale investment.

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