1) Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:

Date

Company

# of Shares

Price per Share

8/15

X Company

1,500

$42

9/25

Y Company

1,250

30

9/30

Z Company

1,000

28

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:

Company

FMV per Share

X Company

$45

Y Company

15

Z Company

25

What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018?Enter a Loss as a negative number.

2) ArundelCompany uses aging to estimateuncollectibles.At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of:

Dollar Value

Age of Account

Estimated Collectible

$260,000

< 30 days old

99.0%

65,000

30 to 60 days old

94.5%

40,000

61 to 120 days old

77.5%

6,000

> 120 days old

16.0%

The current unadjusted Allowance for UncollectibleAccounts balance is a debit balance of $2,000 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in theAllowance for Doubtful Accounts?Round to nearest whole dollar.