Equity and Available for Sale Trestments O'Brien Industries Inc. is a book publisher The available for sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Cost Fair Value Bernard Co $23,800 $21,700 Chadwick Co. 36,000 33,700 $59,800 $55,400 The investment in Jolly Roger Co stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2015 Jan. 2. Purchased $52,000 of Gorar Inc. 54, 10-year bonds at 100. The bonds are classified as an available for sale investment. The bonds pay interest on line 3 and December 31 June 30. Received interest for 6 months on the Gozar ne bonds purchased on January 2. Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available for sale investment. The bonds pay interest on October 1 and April 1. 9 Dividends of $10,000 are received on the Jolly Roger Co. investment Dec 31 Jolly Roger Coreported a total net income of $89,000 for 2015, which orien Industries Inc. recorded using the equity method 31. Received interest for 6 months on the Gorar Inc bonds purchased on January 2. 31 Accrued 3 months of interest on the Nightline bonds. 31. Adjusted the available for sale investment portfolio to far value, using the following fair values: Issuing Company Fair Value Bernard Co $22,100 Chadwick Co. 31,000 Gozar Inc 54,000 Nightline Co. 35,280 For the year ending December 31, 2015, in Industries Inc. reported net income of $149,000 and paid no dividends. Required: The comparative unclassired balance sheets for December 31, 2014 and 2015 are provided below. Selected balances are missing. Determine the missing amounts. Use rinus sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Ine. Partial Balance Sheets December 31 2015 2014 Available for Sale Investments (ut Cost) $59,800 Valuation Allowance for Available for Sale Investments (4.400) Available for Sale Investments (fair value) $55.400 Interest Receivable Investment in Joly Roger Co. Stock 560,600 Office Equipment (Net) 100,800 106,100 Total Assets $505,200 Accounts Payable $64,500 $58,100 Common Stock 55,600 55,600 Excess of Issue Price Over Par 176,800 176,800 Retained Earnings 219,100 Gozar Inc. 54,000 Nightline Co. 35,280 For the year ending December 31, 2045, O'Brien Industries the reported net income of $149,000 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2075 we provided below. Stlected balances are missing. Determine the missing amounts. Use minus sign to indicate the negative amounts. De not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2014 Available for Sale Investments (at Cost) $59.800 Valuation Allowance for Avatable-for-swe Investments (4400) Available for Sale Investments (Fair value) $55,400 Interest Receivable Investment in Joly Roger Co Stock 560.600 Orice tipment (Net) 100,000 106,100 Total Assets $505,200 Accounts Payable 564,500 $50,100 Common Stock 55,600 Excess of issue Price Over Par 176,800 176.000 Retained Earnings 219,100 Unrealized Gain (Loss) on Available for sale investments (4.400) $505,200 Total Liabilities and Stockholders' Equity Berard Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Cost Fair Value $23,800 21,700 Chadwick Ca. 36.000 33,700 $59,800 $55.400 The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2075: Jan 2 Purchased $2,000 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on June 30 and December 31. Buna 30. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $10,000 are received on the Jolly Roger Co. investment. Det. 31. Jolly Roger Co. reported a total net income of $89,000 for 2045, which O'Brien Industries Inc. recorded using the equity method. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: 31 31 31 Issuing Company Fair Value Bemard Co 122,100 Chadwick on 31,000 Gear Inc 54,000 For the year ending December 31, 2045, O'Brien Industries Inc. reported net income of $149,000 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2045 are provided below. Selected balances are missing. Determine the missing amounts. Use 31 interest on June 30 and December 31. June 0 Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $10,000 are received on the Jolly Roger Co. investment Dec. 31. Jolly Roger Co. reported a total net income of $89,000 for 2085, which O'Brien Industries Inc. recorded using the equity method. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. Adjusted the available for sale investment portfolio to fair value, using the following fair values: Issuing Company Fair Value $22,100 Chanicko 31.000 Gear Inc 54,000 Nightline For the year ending December 31, 2045, O'Brien Industries Inc. reported net income of $149,000 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2075 are provided below. Selected balances are missing. Determine the missing amounts. Use minus sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2010 Available for Sale investments at Cost) Valuation Alowance for Available for Sale investments Available for Sale Investments (ar Value) Interest Receivable Investment in Joy Roger Co Stock Office Equipment Total Assets Accounts Payable 560,600 100.000 108.100 $505.200 564,500 558.100 55,600 55.600 176.800 175,000 219.100 Excess of sue rice Over Retained in Und Gain (Loss) on Available for Sale Investments Total Liabilities and Stockholders' Equity 5505.200 Equity and Available for Sale Trestments O'Brien Industries Inc. is a book publisher The available for sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Cost Fair Value Bernard Co $23,800 $21,700 Chadwick Co. 36,000 33,700 $59,800 $55,400 The investment in Jolly Roger Co stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2015 Jan. 2. Purchased $52,000 of Gorar Inc. 54, 10-year bonds at 100. The bonds are classified as an available for sale investment. The bonds pay interest on line 3 and December 31 June 30. Received interest for 6 months on the Gozar ne bonds purchased on January 2. Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available for sale investment. The bonds pay interest on October 1 and April 1. 9 Dividends of $10,000 are received on the Jolly Roger Co. investment Dec 31 Jolly Roger Coreported a total net income of $89,000 for 2015, which orien Industries Inc. recorded using the equity method 31. Received interest for 6 months on the Gorar Inc bonds purchased on January 2. 31 Accrued 3 months of interest on the Nightline bonds. 31. Adjusted the available for sale investment portfolio to far value, using the following fair values: Issuing Company Fair Value Bernard Co $22,100 Chadwick Co. 31,000 Gozar Inc 54,000 Nightline Co. 35,280 For the year ending December 31, 2015, in Industries Inc. reported net income of $149,000 and paid no dividends. Required: The comparative unclassired balance sheets for December 31, 2014 and 2015 are provided below. Selected balances are missing. Determine the missing amounts. Use rinus sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Ine. Partial Balance Sheets December 31 2015 2014 Available for Sale Investments (ut Cost) $59,800 Valuation Allowance for Available for Sale Investments (4.400) Available for Sale Investments (fair value) $55.400 Interest Receivable Investment in Joly Roger Co. Stock 560,600 Office Equipment (Net) 100,800 106,100 Total Assets $505,200 Accounts Payable $64,500 $58,100 Common Stock 55,600 55,600 Excess of Issue Price Over Par 176,800 176,800 Retained Earnings 219,100 Gozar Inc. 54,000 Nightline Co. 35,280 For the year ending December 31, 2045, O'Brien Industries the reported net income of $149,000 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2075 we provided below. Stlected balances are missing. Determine the missing amounts. Use minus sign to indicate the negative amounts. De not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2014 Available for Sale Investments (at Cost) $59.800 Valuation Allowance for Avatable-for-swe Investments (4400) Available for Sale Investments (Fair value) $55,400 Interest Receivable Investment in Joly Roger Co Stock 560.600 Orice tipment (Net) 100,000 106,100 Total Assets $505,200 Accounts Payable 564,500 $50,100 Common Stock 55,600 Excess of issue Price Over Par 176,800 176.000 Retained Earnings 219,100 Unrealized Gain (Loss) on Available for sale investments (4.400) $505,200 Total Liabilities and Stockholders' Equity Berard Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Cost Fair Value $23,800 21,700 Chadwick Ca. 36.000 33,700 $59,800 $55.400 The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2075: Jan 2 Purchased $2,000 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on June 30 and December 31. Buna 30. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $10,000 are received on the Jolly Roger Co. investment. Det. 31. Jolly Roger Co. reported a total net income of $89,000 for 2045, which O'Brien Industries Inc. recorded using the equity method. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: 31 31 31 Issuing Company Fair Value Bemard Co 122,100 Chadwick on 31,000 Gear Inc 54,000 For the year ending December 31, 2045, O'Brien Industries Inc. reported net income of $149,000 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2045 are provided below. Selected balances are missing. Determine the missing amounts. Use 31 interest on June 30 and December 31. June 0 Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $10,000 are received on the Jolly Roger Co. investment Dec. 31. Jolly Roger Co. reported a total net income of $89,000 for 2085, which O'Brien Industries Inc. recorded using the equity method. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. Adjusted the available for sale investment portfolio to fair value, using the following fair values: Issuing Company Fair Value $22,100 Chanicko 31.000 Gear Inc 54,000 Nightline For the year ending December 31, 2045, O'Brien Industries Inc. reported net income of $149,000 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 2014 and 2075 are provided below. Selected balances are missing. Determine the missing amounts. Use minus sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar. O'Brien Industries Inc. Partial Balance Sheets December 31 2015 2010 Available for Sale investments at Cost) Valuation Alowance for Available for Sale investments Available for Sale Investments (ar Value) Interest Receivable Investment in Joy Roger Co Stock Office Equipment Total Assets Accounts Payable 560,600 100.000 108.100 $505.200 564,500 558.100 55,600 55.600 176.800 175,000 219.100 Excess of sue rice Over Retained in Und Gain (Loss) on Available for Sale Investments Total Liabilities and Stockholders' Equity 5505.200