Molten, Inc. began Year 2 with $45,500 in both cash and common stock. The company engaged in the following investment transactions during Year 2: Purchased $21,000 of marketable investment securities. Earned $650 cash from investment revenue. Sold investment securities for $12,600 that cost $11,970. Purchased $9,500 of additional marketable investment securities. Determined that the investment securities had a fair value of $24,089 at the end of Year 2.

Required: Use a vertical statements model to prepare income statements, balance sheets, and statements of cash flow for Molten, Inc., assuming the securities were (a) held to maturity, (b) trading, and (c) available for sale. (Statement of Cash Flows only: Items to be deducted and cash outflows must be indicated with a minus sign.)

Molten, Inc. began Year 2 with $45,500 in both cash and common stock. The company engaged in the following investment transactions during Year 2: 1. Purchased $21,000 of marketable investment securities. 2. Earned $650 cash from investment revenue. 3. Sold investment securities for $12,600 that cost $11,970. 4. Purchased $9,500 of additional marketable investment securities. 5. Determined that the investment securities had a fair value of $24,089 at the end of Year 2. Required Use a vertical statements model to prepare Income statements, balance sheets, and statements of cash flow for Molten, Inc., assuming the securities were (a) held to maturity, (b) trading, and (c) available for sale. (Statement of Cash Flows only: Items to be deducted and cash outflows must be indicated with a minus sign.) MOLTEN, INC. Financial Statements For Year Ending Year 2 Held-to- Trading Maturity Classified as: Available-for- Sale Income Statements Net Income $ 0 $ 0 $ 0 Balance Sheets Assets $ Total assets Stockholders' equity 0$ 0 $ 0 Total stockholders' equity $ 0 $ 0 $ 0 0 Statements of Cash Flows Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: 0 0 Net cash flow from investing activities Cash flows from financing activities 0 0 0 Net cash flow from financing activities Net change in cash 0 0 Ending cash balance $ 0 $ 0 0