20 From the following list of accounts, calculate the quick ratio. (5 Points) Cash. Accounts receivable. Inventory Prepaid insurance $3,000 Accounts payable. 6,000 Salary payable 8,000 Notes payable (due in two years). 2,000 Short-term investments. $ 8,000 3,000 10,000 2,000 8 Harvey Penick Golf Academy held trading investments valued at $55,000 at December 31, 2013. These investments cost Penick $50,000. What should appear on the Penick income statement for the year ended December 31, 2013, for the trading investments? (5 Points)