Fernandez Corp. invested its excess cash in available-for-sale securities during 2014. As of December 31, 2014, the portfolio of available-for-sale securities consisted of the following common stocks.

Security	Quantity	Cost	Fair Value
Lindsay Jones, Inc.	1,210 shares	$17,660	$23,960
Poley Corp.	2,600 shares	42,590	44,670
Arnold Aircraft	2,600 shares	76,570	63,870
Totals	$136,820	$132,500

(a)What should be reported on Fernandezs December 31, 2014, balance sheet relative to these securities?(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Fernandez Corp. Balance Sheet (Partial) December 31, 2014
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity	$
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Unrealized Holding IncomeUnrealized Holding LossCashCommon StockCurrent LiabilitiesEquity InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity	$

Income Statement
	$

On December 31, 2015, Fernandezs portfolio of available-for-sale securities consisted of the following common stocks.

Security	Quantity	Cost	Fair Value
Lindsay Jones, Inc.	1,210 shares	$17,660	$20,790
Lindsay Jones, Inc.	2,600 shares	33,230	40,330
Duff Company	1,210 shares	16,640	12,630
Arnold Aircraft	2,600 shares	76,570	22,360
Totals	$144,100	$96,110

During the year 2015, Fernandez Corp. sold2,600shares of Poley Corp. for $40,470and purchased2,600more shares of Lindsay Jones, Inc. and1,210shares of Duff Company.

(b)What should be reported on Fernandezs December 31, 2015, balance sheet? What should be reported on Fernandezs 2015 income statement?

Fernandez Corp. Balance Sheet (Partial) December 31, 2015
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity	$
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Unrealized Holding IncomeUnrealized Holding LossCashCommon StockCurrent LiabilitiesEquity InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity	$

Fernandez Corp. Income Statement (Partial) December 31, 2015
DividendsExpensesNet Income / (Loss)Retained Earnings January 1, 2013Retained Earnings December 31, 2013Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
	$

On December 31, 2016, Fernandezs portfolio of available-for-sale securities consisted of the following common stocks.

Security	Quantity	Cost	Fair Value
Arnold Aircraft	2,600 shares	$76,570	$83,240
Duff Company	605 shares	8,870	6,210
Totals	$85,440	$89,450

During the year 2016, Fernandez Corp. sold3,810shares of Lindsay Jones, Inc. for $41,560and605shares of Duff Company at a loss of $4,090.

(c)What should be reported on the face of Fernandezs December 31, 2016, balance sheet? What should be reported on Fernandezs 2016 income statement?

Fernandez Corp. Balance Sheet (Partial) December 31, 2016
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity	$
Current AssetsCurrent LiabilitiesIntangible AssetsEquity InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Unrealized Holding GainUnrealized Holding LossCashCommon StockCurrent LiabilitiesEquity InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity	$

Fernandez Corp. Income Statement (Partial) December 31, 2016
DividendsExpensesNet Income / (Loss)Retained Earnings January 1, 2014Retained Earnings December 31, 2014Sales RevenuesTotal ExpensesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
	$

(d)What would be reported in a statement of comprehensive income at (1) December 31, 2014, and (2) December 31, 2015?

Fernandez Corp. Statement of Comprehensive Income December 31, 2014
Comprehensive IncomeNet IncomeOther Comprehensive IncomeReclassification Adjustment for Gains Included in IncomeReclassification Adjustment for Losses Included in IncomeTotal Holding Gains Arising During the Year
	$

Fernandez Corp. Statement of Comprehensive Income December 31, 2015
Comprehensive IncomeNet IncomeOther Comprehensive IncomeReclassification Adjustment for Gains Included in IncomeReclassification Adjustment for Losses Included in IncomeTotal Holding Gains Arising During the Year
	$