AutoSave Of H2 Home Insert X Cut Copy ~ Format Painter 8 in-class assignment #7 (3) - Excel Search DrawPage Layout Formulas Data Review View Help Acrobat Times New Roman - 12 A A 29 Wrap Text Genera BIU AA Merge & Center Paste Clipboard Alignment G21 X for In-class #7 3 Monroe Corporation (MC) had the following investments as of 12/31/2015 and 12/31/2016 As of 12312015 As of 12/31/2016 Classification, held to maturity, wailable for sale, or trading securities 900.000 300,000 875.000 800,000 Bendt med by ABC Company that pay 5% anual interest. The bonds mature in 2018 and MC has no plans to sell these bonds before the maturity date Equity interest in Rustos Corporation that MC bout 1/1/2015, MC had hoped to sell this interested in 2015 and still plans to sell as soon as they can recover their orinal cost 480,000 500.000 470.000 500.000 Equity interest in By Side purchased on 731/2015 with no intention to all during 1,300,000 1,200,000 1,250,000 1,200,000 Bonds wond by XYZ Corporation that pay 4.75% al interest. The bonds maar in 2037, but MC believes they mill need to sell the bonds before that 1.620,000 1,000,000 1,635,000 1,600,000 s during 2016 40.000 13 Rastos Corporation (RC) received the following from each of the item 14 151 Interest income 162 Divided income 175 184 testi 19 20 Questions 22 A 23 How would each of these investments be classified on MCs 1231/2016 balance she What dollar amounts would appear for each of these investments on MCS1031/2016 balance sheet? How would MC report the naming and changes in market value on their income statement statement of comprehensive income for the year ended 12/31/2016 Answer on sheet BRC C Answer on sheet BRC problem B&C Type here to search BIU Format Painter Clipboard A Font B Current Assets Non-Current Assets Income Statement Other Comprehensive Income ERRE CB 85 1685 Total comprehensive income from investments