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I keep getting a response back of saying not clear need more info from the expert... What is not clear? The two photos are the
I keep getting a response back of saying "not clear" need more info from the expert... What is not clear? The two photos are the whole information that I have?
Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31,204, are as follows: The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 20r5: Ian. 2. Purchased $61,600 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. Jue 30. Received interest for 6 months on the Gozar inc. bonds purchased on January 2. oct, I Purchased $36,000 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. Dividends of $10,000 are received on the Jolly Roger Co, investment. Dec 31 . Jolly Roger Co, reported a total net income of $91,000 for 20Y5, which O'Brien Industries Inc. recorded using the equity method. 3. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline 3. bonds. 3. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: For the year ending December 31, 20Y5, O'Brien Industries Inc. reported net income of $148,200 and paid no dividends. Required: The comparative unclassified balance sheets for December 31, 20Y4 and 20 Y5 are provided below. Selected balances are missing. Determine the missing amounts. Use fine 3. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2 . cat. 1. Purchased $36,000 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. Dividends of $10,000 are received on the Jolly Roger Co. investment. Qex. 2 . Jolly Roger Co. reported a total net income of $91,000 for 20Y5, which O'Brien Industries Inc. recorded using the equity method. 31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Acerued 3 months of interest on the Nightline 35. bonds. 34. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: For the year ending December 31,20Y5, O'Brien Industries Inc. reported net income of $148,200 and paid no dividends. Required: The comparative unclassified balance sheets for December 31,2014 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 Step by Step Solution
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