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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 | $ | 980,000 | $ | 993,000 | ||
Security B | 185,000 | 180,200 | ||||
Totals | $ | 1,165,000 | $ | 1,173,200 | ||
| | | | | | |
Securities Available-for-Sale: | ||||||
Security C | $ | 780,000 | $ | 852,000 | ||
Security D | 980,000 | 998,200 | ||||
Totals | $ | 1,760,000 | $ | 1,850,200 | ||
| | | | | | |
Securities to Be Held-to-Maturity: | ||||||
Security E | $ | 570,000 | $ | 581,600 | ||
Security F | 695,000 | 689,400 | ||||
Totals | $ | 1,265,000 | $ | 1,271,000 | ||
| | | | | | |
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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