15-4B

securi 2 Prepare a taible that summarols a table that sammarizes (a) the realized gains and losses and (b) the unrealized gains on for long-term tions and events in its long-termm investments 2015 Jan. Aup I Bloch declared and paid a cash dividend of S1.05 per share. Dec. 31 Bloch's net income for 2015 is $82,000, and the fair value of its stock is $11.90 per share 5 Brinkley purchased 20,000 shares (25% of total) of Bloch's common stock for sonso significant fue ce Aug 1 Bloch declared and paid a cash dividend of $1.35 per share. Dec. 31 Bloch's net income for 2016 is $78,000, and the fair value of its stock is $13.65 per share 2017 Jan. 8 Brinkley sold all of its investment in Bloch for $375,000 cash. Part 1 Assume that Brinkley has a significant influence over Bloch with its 25% share. Required 1. Prepare journal entries to record these transactions and events for Brinkley Check Canying value 2. Compute the carrying (book) ompute the carrying (book) value per share of Brinkley's investment in Bloch common stock as re flected in the investment account on January 7. 2017 3. Compute the net increase or decrease in Brinkley's equity from January 5, 2015, through January 8 2017, resulting from its investment in Bloch. Part 2 Assume that allhuph Brinkley owns 25% of Bloch's outstanding stock, circumstances indicate that it does not have a significant influence over the investee and that it is classified as an available-For-sil security investment i 180017 D Prepare journal entries to record these transactions and events for Brinkley. Also prepare an em dated January 8, 2017, o remove any balance related to the fair value adjustment. ment account on January 7, 2017 2017. resalting from its investment in Bloch. 2. Compuie the cost per share of Brinkley's investment in Bloch conmon stock as reflected in the invest 222500 and realized gains and osses