2. The following information pertains to Fox Inc.s portfolio of marketable securities for the year ended December 31, 2017:

Held-to-maturity debt securities

Cost Fair value at Year 2017 activity Fair value at

12/31/2016 Purchases Sales 12/31/2017

Security ABC $100,000 $95,000

Available-for-sale debt securities

Cost Fair value at Year 2017 activity Fair value at

12/31/2016 Purchases Sales 12/31/2017

Security GHI $190,000 $165,000 $175,000 -

Security JKL $170,000 $175,000 $160,000

Equity securities

Cost Fair value at Year 2017 activity Fair value at

12/31/2016 Purchases Sales 12/31/2017

Security DEF $150,000 $160,000 $155,000

Securities ABC, GHI, and JKL were purchased at par. Security ABC was purchased during 2017 and all Available -for- sale and equity securities were purchased during 2016. All of the AFS security GHI was sold in 2017.

a) Fill in the blanks below that reflect balance sheet presentation of Fox Inc. as of 12/31/2017

Investment in ABC security:

Investment in GHI security:

Investment in JKL security:

Investment in DEF security:

b) Prepare the journal entries for Fox Inc. during fiscal year ended on 12/31/2017 (purchase ABC security and sale of GHI security).

c) Prepare any adjusting journal entries on 12/31/2017.

d) Complete the following items for Fox, Inc. Indicate any debit balances or losses with parentheses.

12/31/2016 Accumulated Other Comprehensive Income ______________________

2017 Other Comprehensive Income ____________________

12/31/2017 Accumulated Other Comprehensive Income ______________________________

2017 Realized and Unrealized holding gains or losses reported in Net Income ____________________

Comprehensive Income ____________________