Missing Statement Items, Available-for-Sale Securities Highland Industries Inc. makes investments in available-for-sale securties. Selected income statement items for the years ended December 31, Year 2 and Year 3, plus selected items from comparative balance sheets, are as follows: There were no dividends If required, use the minus sign to indicate a net or operating loss, unrealized losses, or a credit balance in the valuation allowance'account. Highland Industries Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Operating Income (Loss) 4,710 (9,420) Net Income (Loss) s(12,950) Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 1 Dec 31, Year 2 Dec. 31, Year 3 Assets Available-for-Sale Investments, at Cost Valuation Allowance for $91,850 $80,070 $111,850 890 (7070) Unrealized Gain (Loss) on Avalablefor-Sale Investments Retained Earnings ( (8,240) $193,110 273,180