Can you do #3

The current assets of Myers Company are $250,000. The current liabilities are $100,000. The current ratio .25:1 $250,000 + $100,000. 2.5:1 250%. Reporting investments at fair value is applicable to both debt and stock securities. applicable to stock securities only. a conservative approach because only losses are recognized. applicable to debt securities only. Bay Company acquires 60, 8%, 5 year, $1,000 Community bonds on January 1. 2017 for $60,000. The investment includes a debit to Debt Investments for $64, 800 Stock Investment for $60,000 Debt Investments for $60,000 Cash for $60,000