Investment Reporting

OBrien Industries Inc. is a book publisher.

Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, Year 1, are as follows:

	No. of Shares		Cost per Share		Total Cost		Total Fair Value
Bernard Co. stock	1,400		$13		$18,200		$16,600
Chadwick Co. stock	800		42		33,600		31,400
					$51,800		$48,000

Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 30% of the outstanding shares of Jolly Roger Co.

The following selected investment transactions occurred during Year 2:

May 5.	Purchased 1,600 shares of Gozar Inc. at $24 per share including brokerage commission. Gozar Inc. is classified as an available-for-sale security.
Oct. 1.	Purchased $30,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as available for sale. The bonds pay interest on October 1 and April 1.
Oct. 9.	Dividends of $8,600 are received on the Jolly Roger Co. investment.
Dec. 31.	Jolly Roger Co. reported a total net income of $74,000 for Year 2. OBrien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income.
31.	Accrued three months of interest on the Nightline bonds.
31.	Adjusted the available-for-sale investment portfolio to fair value, using the following fair value per-share amounts:

Available-for-Sale Investments	Fair Value
Bernard Co. stock	$12 per share
Chadwick Co. stock	$37 per share
Gozar Inc. stock	$25 per share
Nightline Co. bonds	$98 per $100 of face amount

Dec. 31.

Closed the OBrien Industries Inc. net income of $110,400. OBrien Industries Inc. paid no dividends during the year.

Required:

The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. Determine the missing amounts in the unclassified balance sheet. Do not round interim calculations. Round final answers to nearest dollar. Use minus sign to indicate the negative amounts.30

O'Brien Industries Inc. Balance Sheet December 31, Year 2 and Year 1 Dec. 31, Year 2 Cash $170,725 Accounts Receivable (Net) 99,500 Available-for-Sale Investments (at Cost) - Note 1 Dec. 31, Year 1 $140,400 92,100 51,800 Less Valuation Allowance for Available-for-Sale Investments 3,800 Available for Sale Investments (Fair Value) $48,000 Interest Receivable Investment in Jolly Roger Co. Stock - Note 2 Office Equipment (Net) $ 50,200 87,900 83,500 Total Assets $418,600 Accounts Payable Common Stock Excess of Issue Price Over Par Retained Earnings $ 53,400 46,000 146,500 $ 48,100 46,000 146,500 181,800 Unrealized Gain (Loss) on Available-for-Sale Investments (3,800) Total Liabilities and Stockholders' Equity $418,600 O'Brien Industries Inc. Balance Sheet December 31, Year 2 and Year 1 Dec. 31, Year 2 Cash $170,725 Accounts Receivable (Net) 99,500 Available-for-Sale Investments (at Cost) - Note 1 Dec. 31, Year 1 $140,400 92,100 51,800 Less Valuation Allowance for Available-for-Sale Investments 3,800 Available for Sale Investments (Fair Value) $48,000 Interest Receivable Investment in Jolly Roger Co. Stock - Note 2 Office Equipment (Net) $ 50,200 87,900 83,500 Total Assets $418,600 Accounts Payable Common Stock Excess of Issue Price Over Par Retained Earnings $ 53,400 46,000 146,500 $ 48,100 46,000 146,500 181,800 Unrealized Gain (Loss) on Available-for-Sale Investments (3,800) Total Liabilities and Stockholders' Equity $418,600