an explanation of answers would be great

POST. REF DEBIT CREDIT ASSETS LILITIES DATE DESCRIPTION Jan 17 Investments Red Rock Ca Stock EQUITY 1 37400.00 + Cash 37400.00 + 34,000.00 Feli, Investments Sunset Village Bonds Interest Receivable 29000 Cash 34290.00 25,500.00 + 23 Investments. Mays and Co Stock Cash 25,500.00 Mar 31 Cash 34000 Interest Recewable 290.00 Interest Revenue 50.00 Ar Investment in Minions Corp Stock 170,000.00 170,000.00 50 750.00 Dividend Revue 750.00 1 h 1576200 Cosson Sale of wetent 24300 me Wellington Company JUL1 Cash 18. 162.00 Loss on Sale of Investment 2,448.00 1 7 210,00 + 20.400.00 1 41,500.00 1 Interest Revenue frvestments Sunset Village Bonds Aug 14 Cash Gain on Sale of investments Investments Harding Construction Stock 27 Cash 1.800.00 21 39,500.00 . 3,400,00 + 23 400.00 1 Investment in Minions Corp. Stock Sep 22 Cash 29,000.00 1 3.500.00 Gain on Sale of Investments Investment Mays and Co Stock 25,500.00 30 Cash 150.00 loterest Revenue 13000 Now Investment in Minions Corp Stock 15,300.00 Incore of Minions Cont 15.10000 Dec 31 Unrealized Loss on Available For Sale Investments 275.00 LO investment in Minions Corp, Stock 3,400.00 29,000.00 Sep.22 Cash Gain on Sale of Investments Investments Mays and Co. Stock 3,500.00 25,500.00 30 Cash 130.00 130.00 15,300.00 15,300.00 Interest Revenue Nov.1 Investment in Minions Corp, Stock Income of Minions Corp. Dec 31 Unrealized Loss on Available-For-Sate Investments Valuation Allowance for Available For Sale Investments 31 Valuation Allowance for Trading Investments Unirealized Gain on Trading Investments 3,275.00 3,275.00 2.150.00 2,15000 *inancial Statements and Valuation The accountant preparing the financial statements has asked you to provide me ne rug as of the end of the year for the investments. Present the information as it would bo hown on the Inancial statements. Last year, The Wellington Company reported costs of $68,000 in trading investments and $82,000 in availablo-for-sale investments. Refer to ne journal entries shown on the Wellington Company panel. Assume that at investments sold during this you were trading investments and that purchases during the year were new investments 1. Select the correct label for each ino and tw in the amount, classifying the envestments, choose a catoporekton unich seems most thely, over the pantom of transactions in no journal entries. Enter at amounts as positive numbers an amount box does not require an entry, loave a blank Trading Securities $ Available for sale Securities > 2. Where on the balance sheet do Wading securities abocar Financial Statements and Valuation 2 Where on the balance sheet do trading securities appear? 3. Where is the gain or loss from the change in value of avoiable-for-sale securities reported in the financial statements? 4. Where are held-o-maturity securities reported? Based on the journal entries for this year, does the company have any held to maturity securities? 5. Where are securities held for strategic reasons reported in the financial statements when using the equity metnod? Based on the Journal entries for this year, does The Welington Company have any cuteuille? 1. Which of the folowing items does not affect not income? Check that apply Both gana and lots of any tort for all investments Rewized gain on trading securities Unrealized gain on walable for-salo securities None of these answers is corect Only realized gains or losses for all investments Realized loss on available for sale securities Led look on tradisi