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At December 31, 2013, Hull-Meyers Corp. had the following investments that were purchased during 2013, its first year of operations: Cost Fair Value Trading Securities:
At December 31, 2013, Hull-Meyers Corp. had the following investments that were purchased during 2013, its first year of operations: |
Cost | Fair Value | |||||
Trading Securities: | ||||||
Security A | $ | 990,000 | $ | 1,002,000 | ||
Security B | 195,000 | 190,600 | ||||
Totals | $ | 1,185,000 | $ | 1,192,600 | ||
Securities Available-for-Sale: | ||||||
Security C | $ | 790,000 | $ | 861,000 | ||
Security D | 990,000 | 1,008,600 | ||||
Totals | $ | 1,780,000 | $ | 1,869,600 | ||
Securities to Be Held-to-Maturity: | ||||||
Security E | $ | 580,000 | $ | 591,800 | ||
Security F | 705,000 | 699,200 | ||||
Totals | $ | 1,285,000 | $ | 1,291,000 | ||
No investments were sold during 2013. All securities except Security D and Security F are considered short term investments. None of the fair value changes is considered permanent. |
Required: |
Compute the below table to calculate the following. |
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