Kasznik Company began operatinos on June 15 of the current calendar year and, by year-end (Dec 31), had made six stock investments. Year end information on thest stock investments follows:

December 31	Cost or Equity Basis (as appropriate)	Year-End Fair Value	Market Clasification
Barth, Inc	$68,000	$64,900	Trading
Foster, Inc.	$162,500	$160,000	Trading
McNichols, Inc	$197,000	$191,000	Available-for-sale
Patell, Inc	$157,000	$154,200	Available-for-sale
Ertimur, Inc	$100,600	$102,400	Equity method
Soliman, INc.	$135,500	$133,200	Equity method

HINT: Use negative signs in any answers that are losses.

(a) What does Kasznik's balance sheet report for trading stock investments at December 31?

(b) what does Kasznik's balance sheet report for available-for-sale investments at December 31?

(c) what does Kasznik's balance sheet report for equity method investments at December 31?

(d) What total amount of unrealized holding gains or unrealized holding losses related to investments appear in Kasznik's income statement?

(e) What total amount of unrealized holding gains or unrealized holding losses related to investments appear in the stockholders' equity section of Kasznik's December 31, balance sheet? ______ included in Accumulated Other Comprehensive income _____ included in retained earnings

(f) What total amount of fair-value adjustment to investments appears in the December 31, balance sheet?

Which category of investments does the fair-value adjustment relate to?

_ The fair value adjustment relates to available-for-sale investments only

_The fair value adjustment relates to both trading and available-for-sale investments

_ The fair value adjustment relates to trading investments only and is recognized in current income

_ Investments are carried at historical cost. There is no fair value adjustment