Equity and Available-for-Sale Investments

OBrien Industries Inc. is a book publisher.

The available-for-sale investments at cost and fair value on December 31, 20Y4, are as follows:

Issuing Company	Cost	Fair Value
Bernard Co.	$18,000	$16,400
Chadwick Co.	38,700	36,200
	$56,700	$52,600

The investment in Jolly Roger Co. stock represents 32% of the outstanding shares of Jolly Roger Co.

The following selected transactions occurred during 20Y5:

Jan. 2.		Purchased $37,800 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.
June 30.		Received interest for 6 months on the Gozar Inc. bonds purchased on January 2.
Oct. 1.		Purchased $33,000 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 $9,500 are received on the Jolly Roger Co. investment.
Dec. 31.		Jolly Roger Co. reported a total net income of $82,000 for 20Y5, which OBrien Industries Inc. recorded using the equity method.
31.		Received interest for 6 months on the Gozar 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 fair value, using the following fair values:

Issuing Company	Fair Value
Bernard Co.	$16,200
Chadwick Co.	34,200
Gozar Inc.	39,900
Nightline Co.	32,340

For the year ending December 31, 20Y5, OBrien Industries Inc. reported net income of $148,200 and paid no dividends.

Required:

The comparative unclassified balance sheets for December 31, 20Y4 and 20Y5 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.

OBrien Industries Inc. Partial Balance Sheets December 31

	20Y5	20Y4
Available-for-Sale Investments (at Cost)	$fill in the blank 1	$56,700
Valuation Allowance for Available-for-Sale Investments	fill in the blank 2	(4,100)
Available-for-Sale Investments (Fair Value)	$fill in the blank 3	$52,600
Interest Receivable	$fill in the blank 4
Investment in Jolly Roger Co. Stock	fill in the blank 5	$55,800
Office Equipment (Net)	92,800	97,700
Total Assets	$fill in the blank 6	$465,000
Accounts Payable	$59,400	$53,500
Common Stock	51,200	51,200
Excess of Issue Price Over Par	162,800	162,800
Retained Earnings	fill in the blank 7	201,600
Unrealized Gain (Loss) on Available-for-Sale Investments	fill in the blank 8	(4,100)
Total Liabilities and Stockholders' Equity	$fill in the blank 9	$465,000

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 2014 Available for Sale Investments (at Cost) $56,700 Valuation Allowance for Available for Sale Investments (4,100) Available for Sale Investments (Fair value) $52,600 Interest Receivable Investment in Jolly Roger Co, Stock $55,800 Office Equipment (Net) 92,800 97,700 Total Assets $465,000 Accounts Payable $53,500 Common Stock 51,200 51,200 Excess of issue Price Over Par 162,800 Retained Earnings 201,600 Unrealized Gain (Loss) on Available-for-Sale Investments (4,100) Total Liabilities and Stockholders' Equity $465,000 $59,400 162,800