During Year 1, its first year of operations, Galileo Compary purchased tu Security shares Purchased Cost Hawking Inc 700 $29,050 Pawlow Co. 1,900 41 040 Assume that as of December 31, Year 1, the Hiking Inc stock had a market value of $49 per share and the Pavlov Co stock had a market value of 519 per Share. Galileo Company had net income of $225,000 and paid no dividends for the year ending December 31, Yew l. Al of the available for sale investments are classified as ourent assets a. Prepare the Current Assets section of the balance sheet presentation for the available-for-sale westments Galileo Company Balance Sheet (selected items) December 31, Year 1 Assets CA b. Prepare the stockholders' Equity section of the balance sheet to reflect the earnings and unrealized gain floss) for the available for Galilee Company Balance Sheet (selected Stockholders' Equity items) December 31, Year 1 Stockholders' Equity