Answer the following independent questions: (Click the icon to view the questions.) 2. At what amount should the following long-term available-for-sale investment portfolio be reported on the December 31 balance sheet? All the investments are less than 5% of the investee's stock. Joumalize any adjusting entry required by these data A Portfolio The amount at which the long-term available-for-sale investment portfolio should be reported on the December 31 balance sheet is $ Now joumalize any adjusting entry required by these data. (Record debits first, then credits. Select the explanation on the last line of the journal entry line and leave the remaining cells blank. Abbreviation used: AFSS = available for-sale security.) tion Investment Cost Current Market Value Journal Entry Accounts and Explanation Stock Whetstone Debit Credit S 1,000 S Date Dec 31 1,900 61,000 Hambrick 63.400 Parton 3,650 4.650 Print Done 3. Investor paid $66,500 to acquire a 30% equity-method investment in the common stock of Investce. At the end of the first year, Investee's net income was $50,000, and Investee declared and paid cash dividends of $5,000. What is Investor's ending balance in its Equity-Method Investment account? Use a T-account to answer. Equity-method Investment Choose from any list or enter any number in the input fields and then continue to the next question. ? 4. Parent company paid $130,000 for all the common stock of Subsidiary Company, and Parent owes Subsidiary $30,000 on a note payable. Complete the following consolidation work sheet: (Enter "O" for zero consolidated amounts. Leave unused debit or credit cells blank.) Parent Subsidiary Company Eliminations Debits Credits Consolidated Amounts Company Assets Cash 6,000 5,000 30,000 Note receivable from Parent Investment in Subsidiary 130,000 106,000 Other assets 116,000 242,000 151,000 Total Liabilities and Stockholders' Equity Accounts payable Notes payable Common stock 10,000 30,000 180,000 42,000 6,000 15,000 90,000 40,000 Retained oamings 242,000 151,000 Total Choose from any list or enter any number in the input fields and then continue to the next