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Cheyenne Corp. invested its excess cash in securities during 2017. As of December 31, 2017, the securities portfolio consisted of the following common stocks Quantity

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Cheyenne Corp. invested its excess cash in securities during 2017. As of December 31, 2017, the securities portfolio consisted of the following common stocks Quantity 1,000 shares 2,000 shares 2,000 shares Security Cost Lindsay Jones, Inc Poley Corp Arnold Aircraft Fair Value $21,000 42,200 60,300 Totals $127,500 $123,500 $14,900 40,200 72,400 What should be reported on Cheyenne's December 31, 2017, balance sheet relative to these securities? What should be reported on Fernandez's 2017 income statement? (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Cheyenne Corp. Balance Sheet (Partial) Income Statement

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