I noticed you commented on one of my questions, all I need help with is creating notes to the financial statements (which I have if you need). The only section of the notes I need to compete is the Investment Valuation.

Below is the list of accounts and mostly UNadjusted Trial Balance for a recently established tree clearing and landscaping business, Lots Less Lumber (LLL), as of December 31, 2015. Lots Less Lumber (LLL) General Journal DATE 12/31/2015 AJE 1 ACCOUNT NUMBERS AND NAMES 610 - Interest Expense 222 - Discount on Notes Payable Amortization of six months of discount to interest expense related to a zero-interest note 12/31/2015 AJE 2 612 - Rent Expense 112 - Prepaid Expenses To adjust for prepaid expenses that have been used up at the end of December 31, 2 12/31/2015 AJE 3 206 - Unearned Revenues 500 - Service Revenue Adjustment for pre-payments of services that have not been performed 12/31/2015 AJE 4 614 - Wages Expense 202- Wages Payable Adjustment for accrued wages owed to employees for their work during Dec. 201 12/31/2015 AJE 5 604 - Depreciation Expense 130 - Accum Deprec - Equipment To record eqipment double - declining depreciation at the end of December 31, 20 12/31/2015 AJE 6 604- Depreciation Expense 132 - Accum Deprec - Vehicles To record double-declining vehicle depreciation for six months in 2015 12/31/2015 AJE 7 400 - Cash Dividends 208 - Dividends Payable To adjust for dividends that need to be paid to shareholders 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 1 of 22 Lots Less Lumber (LLL) General Journal DATE 12/31/2015 AJE 8 ACCOUNT NUMBERS AND NAMES 600 - Bad Debt Expense 108 - Allowance for Doubtful Accounts To adjust for the sales that will not be received at the end of the year 12/31/2015 AJE 9 106 Accounts Receivable 206 - Unearned Revenues To account for services provided in the last week of December, that have not been billed o 12/31/2015 AJE 10 608 - Income Tax Expense 210 - Income Taxes Payable To accrue for taxes from taxable income at the end of the year 12/31/2015 AJE 10 Unrealized Invest Loss AFS Securities FMV Adjustment Change in market value from holding the equity investment for six to nine month 12/31/2015 AJE 10 608 - Income Tax Expense 210 - Income Taxes Payable To accrue for taxes from taxable income at the end of the year 12/31/2015 CJE 1 700 - Income Summary 600 - Bad Debts Expense 602 - Costs of Goods Sold 604 - Depreciation Expense 606 - Fuels Expense 608 - Income Tax Expense 610 - Interest Expense 612 - Rent Expense 614 - Wages Expense 660 - Miscellaneous Losses 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 2 of 22 Lots Less Lumber (LLL) General Journal DATE ACCOUNT NUMBERS AND NAMES To close out the expense and miscellaneous losses accounts to income summary 12/31/2015 CJE 2 500 - Service Revenue 502 - Product Sales Revenue 650 - Miscellaneous Gains 700 - Income Summary To close out revenue and miscellaneous gains accounts to income summary 12/31/2015 CJE 3 700 - Income Summary 304 - Retained Earnings To close out income summary to retained earnings 12/31/2015 CJE 4 304 - Retained Earnings 400 - Cash Dividends To close out cash dividends to retained earnings 12/31/2015 CJE 5 306 - Accumulated OCI 670 - Unrealized Invest Gain/Loss To close out unrealized invest gain/loss account to Accumulated OCI 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 3 of 22 Less Lumber (LLL) General Journal DEBITS $ CREDITS 646.13 $ 646.13 ount to interest expense related to a zero-interest note payable $1,000.00 $1,000.00 s that have been used up at the end of December 31, 2015 $720.00 $720.00 ayments of services that have not been performed $ 2,280.00 $ 2,280.00 $ 4,393.23 $ 3,376.20 $ 6,000.00 ages owed to employees for their work during Dec. 2015 $ 4,393.23 - declining depreciation at the end of December 31, 2015 $ 3,376.20 clining vehicle depreciation for six months in 2015 $ 6,000.00 vidends that need to be paid to shareholders 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 4 of 22 Less Lumber (LLL) General Journal DEBITS $ CREDITS 1,550.82 $ 1,550.82 $ 750.00 es that will not be received at the end of the year $ 750.00 the last week of December, that have not been billed or collected $ 5,107.59 $ 5,107.59 $ 700.00 $ 5,107.59 $ $ $ $ $ $ $ $ $ 1,550.82 3,054.00 7,769.43 1,205.46 5,107.59 646.13 1,820.00 35,106.00 6,810.48 es from taxable income at the end of the year $ 700.00 om holding the equity investment for six to nine months $ 5,107.59 es from taxable income at the end of the year $ 09/25/2016 : 13:41:10 Prepared 63,069.91 by ENTER NAMES IN CUSTOM FOOTER Page 5 of 22 Less Lumber (LLL) General Journal DEBITS CREDITS and miscellaneous losses accounts to income summary $ $ $ 73,170.65 4,370.12 865.51 $ 78,406.28 $ 15,336.37 $ 6,000.00 $ 700.00 nd miscellaneous gains accounts to income summary $ 15,336.37 ut income summary to retained earnings $ 6,000.00 out cash dividends to retained earnings $ 700.00 zed invest gain/loss account to Accumulated OCI 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 6 of 22 ASSETS Current Assets: Cash and Cash Equivalents AFS Investments AFS Securities FMV Adjustment Accounts Receivable (net of allowance for doubtful accounts of 1,813) Mulch Inventory Prepaid Expenses Total Current Assets Non-Current Assets: Property, Plant, Equipment Land Equipment (net of accumulated depreciation of 11,715) Vehicles (net of accumulated depreciation of 3,376) Buildings Total Non-Current Assests: Total Assets: LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts Payable Wages Payable Interest Payable Unearned Revenues Dividends Payable Income Taxes Payable Total Current Liabilities Non-Current Liabilities: Notes Payable Discount of Notes Payable Total Non-Curent Liabilities: Stockholders' Equity: Capital Stock ($2 par value, 20,000 shares authorized, 12,000 shares issued, Additional Paid in Capital Retained Earnings Accumulated OCI Total Stockholders' Equity: Total Liabilities and Stockholders' Equity: 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 7 of 22 Lots Less Lumber (LLL) Balance Sheet As of December 31, 2015 ASSETS $ 27,661 44,000 (700) 5,122 799 500 $ 20,600 6,590 23,633 - nt allowance for doubtful accounts of 1,813) ed depreciation of 11,715) d depreciation of 3,376) LIABILITIES AND STOCKHOLDERS' EQUITY $ , 20,000 shares authorized, 12,000 shares issued, and 8,000 shares outstanding) 857 2,280 1,470 6,000 5,107 $ 21,700 1,544 $ 24,000 42,000 700 s' Equity: 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 8 of 22 r (LLL) 2015 $ 77,382 $ $ 50,823 128,205 $ 15,714 $ 23,244 38,958 $ $ 66,700 105,658 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 9 of 22 Lots Less Lumber (LLL) Adjusted Trial Balance As of December 31, 2015 ACCOUNT NUMBERS AND NAMES 100 102 104 106 108 110 112 120 122 124 126 130 132 134 200 202 204 206 208 210 220 222 300 302 304 306 400 500 502 520 600 602 604 606 608 610 - Cash and Cash Equivalents AFS Investments AFS Securities FMV Adjustment Accounts Receivable Allowance for Doubtful Accounts Mulch Inventory Prepaid Expenses Land Equipment Vehicles Buildings Accum Deprec - Equipment Accum Deprec - Vehicles Accum Deprec - Buildings Accounts Payable Wages Payable Interest Payable Unearned Revenues Dividends Payable Income Taxes Payable Notes Payable Discount on Notes Payable Capital Stock Additional Paid in Capital Retained Earnings Accumulated OCI Cash Dividends Service Revenue Product Sales Revenues Sales Discounts Bad Debts Expense Cost of Goods Sold Depreciation Expense Fuel Expense Income Tax Expense Interest Expense 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 10 of 22 Lots Less Lumber (LLL) Adjusted Trial Balance As of December 31, 2015 612 614 650 660 670 700 - Rent Expense Wages Expense Miscellaneous Gains Miscellaneous Losses Unrealized Invest Gain/Loss Income Summary TOTAL 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 11 of 22 Less Lumber (LLL) Adjusted Trial Balance of December 31, 2015 DEBITS $ CREDITS 27,661.99 44,000.00 $ 700.00 6,936.92 1,813.96 799.00 1,500.00 20,600.00 18,305.12 27,009.61 - 720.00 2,190.29 1,000.00 11,715.28 3,376.20 857.33 2,280.00 2,190.00 6,000.00 5,107.59 21,700.00 646.13 24,000.00 42,000.00 18,448.68 - 6,000.00 73,170.65 4,370.12 748.61 1,550.82 3,054.00 7,769.43 1,205.46 5,107.59 646.13 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 12 of 22 Less Lumber (LLL) Adjusted Trial Balance of December 31, 2015 1,820.00 35,106.00 865.51 6,810.48 700.00 $ 09/25/2016 : 13:41:10 Prepared 220,241.45 $ 220,241.45 by ENTER NAMES IN CUSTOM FOOTER Page 13 of 22 Lots Le Statement o For the Year E Service Revenue Product Sales Revenue Cost of Goods Sold Sales Discounts Gross Profit Operating Expenses: Wages Expense Fuel Expense Rent Expense Depreciation Expense Total Operating Expenses: Operating Income Other Revenues, Expenses, Gains, and Losses Interest Expense Bad Debt Expense Miscellaneous Gain Net Other Revenues, Expenses, Gains, and Losses Income Before Tax Income Tax Expense Income After Taxes Discontinued Operations: Loss on Operating Segement (Net of Tax Benefit of 1105.94) Loss on Disposal of Segment (Net of Tax Benefit of 596.68) Net Income Other Comprehensive Income: Unrealized Gain on Investment Total Comprehensive Income Income Taxes: Income Tax Expense Discontinued Operations Benefit #1 Discontinued Operations Benefit #2 Net Income Tax Per Share Data (12,000 shares outstanding) 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 14 of 22 Lots Le Statement o For the Year E Income After Taxes Discontinued Operations Loss on Operating Segment Loss on Disposal of Operating Segment Miscellaneous Gain Net Income 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 15 of 22 Lots Less Lumber (LLL) Statement of Comprehensive Income For the Year Ended December 31, 2015 $ $ $ 73,170.65 4,370.12 (3,054.00) (748.61) 73,738.16 $ (45,900.89) 27,837.27 (35,106.00) (1,205.46) (1,820.00) (7,769.43) (646.13) (1,550.82) 865.51 (1,331.44) $ 26,505.83 (6,626.46) 19,879.37 (3,317.80) (1,790.05) $ 14,771.52 700.00 $ 15,471.52 $ 6,626.45 (1,105.94) (596.68) 4,923.83 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 16 of 22 Lots Less Lumber (LLL) Statement of Comprehensive Income For the Year Ended December 31, 2015 1.66 $ 09/25/2016 : 13:41:10 Prepared (0.28) (0.15) 0.07 1.30 by ENTER NAMES IN CUSTOM FOOTER Page 17 of 22 5 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 18 of 22 5 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 19 of 22 Lots L Statemen For the Year Balance on January 1 Issuance of Stock Net Income Cash Dividend Balance on December 31 09/25/2016 : 13:41:10 Prepared Common Stock, $2 par $ 20,000.00 $ 4,000.00 $ 24,000.00 Paid-in-Capital $ 30,000.00 $ 12,000.00 $ by ENTER NAMES IN CUSTOM FOOTER 42,000.00 Page 20 of 22 Lots Less Lumber (LLL) Statement of Stockholders' Equity For the Year Ended December 31, 2015 Retained Earnings $ 18,448.68 $ $ $ Treasury Stock 14,587.57 (6,000.00) 27,036.25 09/25/2016 : 13:41:10 Prepared Total Stockholders' Equity $ 68,448.68 $ 16,000.00 $ 14,587.57 $ (6,000.00) $ 93,036.25 by ENTER NAMES IN CUSTOM FOOTER Page 21 of 22 09/25/2016 : 13:41:10 Prepared by ENTER NAMES IN CUSTOM FOOTER Page 22 of 22