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During 2019, its first year of operations, Interest Company purchased four available-for-sale investments as 2. follows: Security Star Inc. Shares Purchased Cost $43,400 50,250 21,700

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During 2019, its first year of operations, Interest Company purchased four available-for-sale investments as 2. follows: Security Star Inc. Shares Purchased Cost $43,400 50,250 21,700 60,800 1400 Siena Co. Rewards Company Advance, Inc. 750 700 1,900 Assume that as of December 3 1, 2019, the Star Inc stock had a market value of $34 per share, Siena Co. stock had a market value of $59 per share, Rewards Company stock had a market value of $41 per share and Advance, Inc. stock had a market value of $30 per share. Interest Company had 10,000 shares of no par stock outstanding that was issued for $150,000. For the year ending December 31, 2019, Interest Company had a net income of $105,000. No dividends were paid. Required: Prepare the Current Assets section of the balance sheet presentation for the available-for sale securities as of December 31, 2019. Prepare the Stockholders' Equity section of the balance sheet as of December 31, 2019 (1) (2)

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