28) Global Commerce Corporation purchased trading debt investments for $49,000 on December 31, 2018. There is a decrease of $3800 in the fair value of the trading debt investments by the end of the year 2019. Which of the following is the correct journal entry? A) Trading Debt Investments 3800 Unrealized Holding Loss-Trading B) Unrealized Holding Loss-Trading Retained Earnings 3809 3800 3800 3800 3809 Unrealized Holding Loss-Trading Trading Debt Investments - Trading D) Fair Value Adjustment -Trading Unrealized Holding Loss - Trading 3800 3800 29) Jones Enterprises purchased a bond on August 31 of the current year for $250,000 and classified the investment as an available-for-sale debt. The market value of the available-for-sale debt investment at year-end is $255,000. The adjustment is A) subtracted from the Available-for-Sale Debt Investments account to arrive at the amount reported on the balance sheet B) recorded as a debit to Bond Investment - Available-for-Sale C) recorded as a debit to Unrealized Holding Gain - Available for Sale D) reported as a $5,000 unrealized holding gain in the income statement 30) Rather Corporation's annual report is as follows. March 31, 2018 $358,000 March 31, 2019 $429,500 $4,220,000 Net Income Preferred Dividends Total Stockholders' Equity Stockholders' Equity attributable to Preferred Stock Number of Common Shares Outstanding $5,112,000 275,46 200,168 If the current market price is $17 on March 31, 2019, compute the price/earnings ratio on March 31, 2019. (Round any intermediate calculations and your final answer to the nearest cent.) A) 9.39 B) 2.15 C)1.81 D) 7.91