Highland Industries Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec.31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 Assets Available-for-Sale Investments, at Cost Valuation Allowance for Available-for-Sale Investments Available-for-Sale Investments, at Fair Value $90,000 12,000 $86,000 (11,000) $102,000 Stockholders' Equity Unrealized Gain (Loss) on Available-for-Sale Investments (16,400) Retained Earnings $175,400 $220,000