if Balance Sheet Presentation ofAvailable-for-Sale Investments

if During Year 2, Copernicus Corporation held a portfolio of available-for-sale securities having a cost of $190,600. There were no purchases or sales ofinvestmentsduring the year. The market values at the beginning and end of the year were $224,900 and $181,100, respectively. The net income for Year 2 was $175,400, and no dividends were paid during the year. The Stockholders' Equity section of the balance sheet was as follows on December 31, Year 1:

Copernicus Corporation

Stockholders' Equity

December 31, Year 1Common stock$40,000Paid-in capital in excess of par301,000Retained earnings396,400Unrealized gain on available-for-sale investments34,300Total stockholders' equity$771,700

Prepare the Stockholders' Equity section of the balance sheet for December 31, Year 2.

Copernicus CorporationBalance Sheet (selected Stockholders' Equity items)December 31, Year 2Common stock

$

fill in the blank 2

Excess of issue price over par

fill in the blank 4

Retained earnings

fill in the blank 6

Unrealized gain (loss) on available-for-sale investments

fill in the blank 8

Total stockholders' equity$

fill in the blank 9