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Missing Statement Items, Trading Investments JED Capital Inc., makes Investments in trading securities. Selected income statement items for the years ended December 31, Year 2

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Missing Statement Items, Trading Investments JED Capital Inc., makes Investments in trading securities. Selected income statement items for the years ended December 31, Year 2 and Year 3, plus selected items from comparative balance sheets, are shown in the income statement and balance sheet below: There were no dividends. Determine the missing items. JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Operating Income Unrealized Gain (Loss) (2 200) Net Income $15,500 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1 Year 2 and Year 3 Dec. 31 Year 1 Dec 31 Year 2 Trading Investments, at Cost $136,200 $161,700 Valuation Allowance for Trading Investments (6,600) 10,000 Trading Investments, at Fair Value Retained Earnings $160,600 1212,500 Dec 31 Year 3 $190,500

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