1.On its December 31, 2021 balance sheet, Calhoun Company appropriately reported a $10,000debitbalance in its Fair Value Adjustment account. There was no change during 2022 in the composition of Calhoun's portfolio of equity investments. The following information pertains to that portfolio:

SecurityCostFair value at 12/31/22

X$125,000$160,000

Y100,00090,000

Z175,000125,000

$400,000$375,000

2.What is the amount of Unrealized Gain or Loss -OCI on Calhoun's Comprehensive Income Statement for the year 2022?

Select one:

a.$25,000

b.$15,000

c.$10,000

d.$0

e.$35,000

Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $450,000 on January 2, 2021. During 2021, Darby Company declared dividends of $75,000 and reported earnings for the year of $300,000.

If Blanco Company uses theequity methodof accounting for its investment in Darby Company, its Equity Investment (Darby) account at December 31, 2021 will be:

Select one:

a.$435,000

b.$450,000

c.$495,000

d.$510,000

e.$400,000