=+EX 15-21 Balance sheet presentation of available-for-sale investments obj. 4 During 2010, Toney Corporation held a portfolio of available-for-sale securities having a cost of $190,000. 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 $180,000, respectively.

The net income for 2010 was $175,000, and no dividends were paid during the year. The Stockholders’ Equity section of the balance sheet was as follows on December 31, 2009:

Toney Corporation Stockholders’ Equity December 31, 2009 Common stock $ 40,000 Paid-in capital in excess of par value 300,000 Retained earnings 395,000 Unrealized gain (loss) on available-forsale investments 35,000 ________ Total $770,000 ________ ________ Prepare the Stockholders’ Equity section of the balance sheet for December 31, 2010.