HESSAGE SCREEN BACK Problem 17-9 (Part Level Submission) On January i, 2017, Metlock Inc. hed the following balance sheet METLOCK INC BALANCE SHEET AS OF JANUARY 1, 2017 Assets Equity Cash Debt investments (available-for-sale) Total $53,200 Common stock 239,400 292,600 Total $249,200 43,400 292,600 Accumulated other comprehensive income The fair value of Metlock Inc.'s available-for-sale debt securities at The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities December 31, 2017, was $185,200, its cost was $134,800. No secunities were purchased during the year. Metlock Inc.'s inceme statement for 2017 was as follows. (ignore income taxes.) METLOCK INC INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Dividend revenue Gain on sale of investments Net income $5,400 30,200 35,600 Prepare the journal entry to record the sale of the aveilable-for-sale debt securities in 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Tities and Explanation Debit Credit Version 4.24.12 &Sans Jec All Rights Reserved. A Division of John Wley &.Snsin signment BACK The accumulated other comprehensive income related to unrealized holding geins on available-for-sale debt securities. The fair value of Metlock Inc.'s available-for-sale debt secunities at December 31, 2017, was $185,200; its cost was si 34,800. No securities vere purchased aring the year. Metiock CS i co e statement he zotas sa tulon Ope e e e taxes.) METLOCK INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Dividend revenue Gain on sale of investments Net income $5,400 30,200 35,600 (a) Prepare the journal entry to record the sale of the available-for-sale debt securities in 2017. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Attempts: 0 of 3 used SAVE FOR LATER SUBHIT IT