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Hello, I am having a issue with the retained earnings. Investment Reporting OBrien Industries Inc. is a book publisher. Note 1. Investments are classified as

Hello,

I am having a issue with the retained earnings.

Investment Reporting

OBrien Industries Inc. is a book publisher.

Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, Year 1, are as follows:

No. of Shares Cost per Share Total Cost Total Fair Value
Bernard Co. stock 1,700 $14 $23,800 $21,700
Chadwick Co. stock 900 42 37,800 35,300
$61,600 $57,000

Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 32% of the outstanding shares of Jolly Roger Co.

The following selected investment transactions occurred during Year 2:

Year 2
May 5. Purchased 2,000 shares of Gozar Inc. at $26 per share including brokerage commission. Gozar Inc. is classified as an available-for-sale security.
Oct. 1. Purchased $36,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as available for sale. The bonds pay interest on October 1 and April 1.
Oct. 9. Dividends of $10,300 are received on the Jolly Roger Co. investment.
Dec. 31. Jolly Roger Co. reported a total net income of $88,000 for Year 2. OBrien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income.
Dec. 31. Accrued three months of interest on the Nightline bonds.
Dec. 31. Adjusted the available-for-sale investment portfolio to fair value using the following fair value per-share amounts
Available-for-Sale Investments Fair Value
Bernard Co. stock $13 per share
Chadwick Co. stock $37 per share
Gozar Inc. stock $27 per share
Nightline Co. bonds 98 per $100 of face amount

Dec. 31. Closed the OBrien Industries Inc. net income of $131,100 for Year 2. OBrien Industries Inc. paid no dividends during the year.

Required:

The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. Determine the missing amounts in the unclassified balance sheet. Do not round interim calculations. Round final answers to nearest dollar. Use minus sign to indicate the negative amounts.

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