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Instructions During 20Y8, its first year of operations, Galileo Company purchased two available for sale investments as follows: Cost Security Hawking in Pavlov Co Shares

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Instructions During 20Y8, its first year of operations, Galileo Company purchased two available for sale investments as follows: Cost Security Hawking in Pavlov Co Shares Purchased 990 $48,700 37350 1,510 Ausume that as of December 31, 2018, the Hawking Inc. stock had a market value of $50 per sharn, and the Pavlov Co stock had a market value of 528 per sharoGalloo Company had net income of $293,100. und paid no dividonda for the year onded December 31, 2078. All of the availablo for sale investments are climanited as current ascertu. A Prepare the curent assets section of the balance sheet presentation for the available for sale investments Bere e Stockholwgaty section of the balance sheet to rotect the comings and wrisationstore.fol. for the available for sale investments Refer to the information given and the stof Labels and Amount Descriptions provided for the exact wording of the answer choice for entries. For those bees in which you must entor subtracted or negative numbers use a minus on Prepare the current assets section of the balance sheet presentation for the available for sale investmerits. Motor to the information given and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text evitries. Galleo Company Balance Shoet selected items) December 31, 2018 Assets 1 Current 3 . Prepare the Stockholders Equity section of the balance sheet to reflect the earnings and need and for me averal investments. Refer to the information given and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for tertenties Prepare the Stockholders' Equity section of the balance shot to reflect the earnings and entired. Gain (ass) for the avakate-forsalo investments. Heter to the information given and the hot of Labels and Amount Descriptions provided for the exact warding of the answer choices for text entries. Galleo Company Balance Sheet selected toms) December 31, 2048 Stockholders Equity

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