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At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Trading Securities: Security A $
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations:
Trading Securities: | |||||||
Security A | $ | 950,000 | $ | 965,000 | |||
Security B | 155,000 | 149,000 | |||||
Totals | $ | 1,105,000 | $ | 1,114,000 | |||
Securities Available-for-Sale: | |||||||
Security C | $ | 750,000 | $ | 825,000 | |||
Security D | 950,000 | 967,000 | |||||
Totals | $ | 1,700,000 | $ | 1,792,000 | |||
Securities to Be Held-to-Maturity: | |||||||
Security E | $ | 540,000 | $ | 551,000 | |||
Security F | 665,000 | 659,000 | |||||
Totals | $ | 1,205,000 | $ | 1,210,000 |
No investments were sold during 2021. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent. Required: Complete the following table.
Reported on Balance Sheet as: | Unrealized gain (loss) included in: |
Current Asset | Noncurrent Asset | Net Income (I/S) | Other Comprehensive Income (OCI) | Total Comprehensive Income |
Trading Securities | |||||
Security A | |||||
Security B | |||||
Securities Available-for-Sale | |||||
Security C | |||||
Security D | |||||
Securities to be Held-to-Maturity | |||||
Security E | |||||
Security F | |||||
Totals | |||||
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