During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows:

Security	Shares Purchased	Cost
Hawking Inc.	660		$25,740
Pavlov Co.	1,790		36,337

Assume that as of December 31, Year 1, the Hawking Inc., stock had a market value of $46 per share and the Pavlov Co. stock had a market value of $37 per share. Galileo Company had net income of $199,300, and paid no dividends for the year ending December 31, Year 1. All of the available-for-sale investments are classified as current assets.

Balance Sheet Presentation of Available-for-Sale Investments During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: Assume that as of December 31, Year 1, the Hawking Inc., stock had a market value of \$46 per share and the Pavlov Co. stock had a market value of $37 per share. Galileo Company had net income of $199,300, and paid no dividends for the year ending December 31 , Year 1 . All of the available-for-sale investments are classified as current assets. a. Prepare the Current Assets section of the balance sheet presentation for the available-for-sale investments. b. Prepare the Stockholders' Equity section of the balance sheet to reflect the earnings and unrealized gain (loss) for the available-for-sale investments