Question
6.Missing Statement Items, Trading Investments JED Capital Inc. makes investments in trading securities. Selected income statement items for the years ended December 31, 2016 and
6.Missing Statement Items, Trading Investments JED Capital Inc. makes investments in trading securities. Selected income statement items for the years ended December 31, 2016 and 2017, plus selected items from comparative balance sheets, are as follows: There were no dividends. Determine the missing items. JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, 2016 and 2017 2016 2017 Operating Income $ $ Unrealized Gain (Loss) (11,000) Net Income $ $28,000 JED Capital Inc. Selected Balance Sheet Items December 31, 2015, 2016, and 2017 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Trading Investments, at Cost $144,000 $168,000 $205,000 Valuation Allowance for Trading Investments (12,000) 17,000 Trading Investments, at Fair Value Retained Earnings $210,000 $245,000 $ 7. 8. 9. 10. Check My Work
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