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? 050 (5 Points) 2020)) (5 Points) Use the following information to answer Questions 9 through 13. Neal Company had the following information relating to credit sales in 2013: $ 9,500 Accounts receivable December 31, 2013 ........ Allowance for uncollectible accounts December 31, 2013 (before adjustment). Credit sales during 2013 Cash sales during 2013 Collections from customers on account during 2013.. 900 46,000 15,000 49,500