Investment Reporting O'Brien 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: B1 C Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 32% of the outstanding shares of Jolly Roger Co. The following selected investment transactions occurred during Year 2: Year 2 May 5. Purchased 2,000 shares of Gozar Inc. at $26 per share including brokerage commission. Gozar Inc. is classified as an available-forsale security. Oct. 1. Purchased $36,000 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 $10,300 are received on the Jolly Roger Co. investment. Dec. 31. Jolly Roger Co. reported a total net income of $88,000 for Year 2 . O'Brien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income. Dec. 31. Accrued three months of interest on the Nightline bonds. Dec. 31. Adjusted the available-for-sale investment portfolio to fair value using the following fair value per-share amounts: OBrien Industries Inc. Balance Sheet Investment Reporting O'Brien 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: B1 C Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 32% of the outstanding shares of Jolly Roger Co. The following selected investment transactions occurred during Year 2: Year 2 May 5. Purchased 2,000 shares of Gozar Inc. at $26 per share including brokerage commission. Gozar Inc. is classified as an available-forsale security. Oct. 1. Purchased $36,000 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 $10,300 are received on the Jolly Roger Co. investment. Dec. 31. Jolly Roger Co. reported a total net income of $88,000 for Year 2 . O'Brien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income. Dec. 31. Accrued three months of interest on the Nightline bonds. Dec. 31. Adjusted the available-for-sale investment portfolio to fair value using the following fair value per-share amounts: OBrien Industries Inc. Balance Sheet