Cullumber Corp. invested its excess cash in securities during 2025. As of December 31,2025 , the securities portfolio consisted of the following common stocks. Cullumber does not have significant influence in any of these companies. (a) Your answer is correct. What should be reported on Cullumber's December 31,2025 , balance sheet relative to these securities? What should be reported on Cullumber's 2025 income statement? On December 31, 2026, Cullumber's securities portfolio consisted of the following common stocks. During the year 2026, Cullumber Corp. sold 2,100 shares of Poley Corp. for $38,220 and purchased 2,100 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. Your answer is partially correct. On December 31, 2027, Cullumber's securities portfollo consisted of the following common stocks. During the year 2027, Cullumber Corp. sold 3,000 shares of Lindsay Jones, Inc. for $39,700 and 500 shares of Duff Company at a loss of $2,800. What should be reported on Cullumber's December 31, 2026, balance sheet? What should be reported on Cullumber's 2026 income statement