(b) What should DU IL available-for-sale securities investment in Kennedy's 2015 income statement? P17-10 (Gain on Sale of Investments and Comprehensive Income) On January 1, 2014 A the following balance sheet. 5 ACKER INC. BALANCE SHEET AS OF JANUARY 1, 2014 Equity Assets $ 50,000 240,000 $290,000 Cash $260,000 30,000 $290,000 Common stock Accumulated other comprehensive income Total Equity investments (available-for-sale) Total The accumulated other comprehensive income related to unrealized holding gains on available-for. securities. The fair value of Acker Inc.'s available-for-sale securities at December 31, 2014, was $190.000 cost was $140,000. No securities were purchased during the year. Acker Inc.'s income statement for 2014 was as follows. (Ignore income taxes.) ACKER INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014 Dividend revenue Gain on sale of investments Net income $ 5,000 30,000 $35,000 Instructions (Assume all transactions during the year were for cash.) (a) Prepare the journal entry to record the sale of the available-for-sale securities in 2014. (b) Prepare a statement of comprehensive income for 2014. (c) Prepare a balance sheet as of December 31, 2014