Invest-Up Hardware operates a chain of hardware stores. Their recent operations have been stable and profitable, resulting in a significant amount of cash inflows. During the past fiscal year ended December 31, the company made a number of investments, as described below.

a. Invest-Up bought 10,000 shares of Machine Mart, a supplier of equipment for construction and renovations. With in-depth knowledge of the hardware retailing business, Invest-Up's management believes that Machine Mart's shares are undervalued and that the company could make a quick profit selling the shares within the next 12 months. Invest-Up purchased the shares at $18 each, and received $0.20 per share dividends during the year. The shares traded at $19 at the fiscal year-end.

b. The company purchased 12,000 units of a mutual fund which cost $28 each. Management had no specific trading intentions for this investment; rather, it was a means of parking excess cash. At the end of the year, the units had a quoted market value of $35.

c. At the beginning of the year, Invest-Up bought 25% of the common shares in Builder Bee, one of its smaller suppliers, for $16 million. These shares had a fair value of $16.6 million at the end of the year. During the year, Builder Bee reported net income of $4,500,000 and paid total dividends of $40,000.

Required:

Determine how Invest Up should report the above investments in its financial statements for the year ended Dec 31, 2016. Determine the value that would be reported for each investment on the balance sheet and determine the amount that will be reported for income. Indicate if the income amounts will be reported as part of net income on the income statement or in other comprehensive income. Use the following table to record your answers:

Investment	Balance Sheet Dec 31, 2016	Income Statement Dec 31, 2016	OCI = Other Comprehensive Income IS = Income Statement
A
B
C