Calvo Co. reports net income for the year ending December 31, 2020 of $65,000. During the year, Calvo Co. had an unrealized gain on available-for-sale debt investments of $27,000 as of 12/31/2020. Calvo declared a cash dividend of $5,000 in December 2020 and the payment will be made in February 2021. During 2020, Calvo Co. issued 6000 shares of $5 par value common stock for $48,000. Calvo Co. also repurchased common stock for $2,000 in 2020.

Calvo Co. has January 1, 2020, balances in Common Stock $160,000; Additional Paid-In Capital Commons Stock for $120,000; Retained Earnings $130,000; Accumulated Other Comprehensive Income - $40,000; and treasury stock $(1,500).

Instructions: Prepare financial statements in good form.

(Note: you may not use all rows/columns of the provided tables to prepare financial statements)