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nep Selected accounts from Germx Co's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) Short-term stock investments (at cost)

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nep Selected accounts from Germx Co's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-maturity securities (long-term) $ 5,000 23,000 70,000 13,000 Cash Fair value adjustment-stock Accounts receivable Fair value adjustment-trading $10,000 (1,000) 2,000 500 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities: Falr Value Adjustment-Stock decreases stock investments. (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Cash Accounts receivable Stock investments (at cost) Fair value adjustment-Stock Trading securities (at cost) Fair value adjustment-Stock 0 0 Total current assets 0 Long-term Investments Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases stock investments. (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Cash Accounts receivable Stock investments (at cost) Fair value adjustment-Stock Trading securities (at cost) Fair value adjustment-Stock 0 0 0 Total current assets Long-term Investments Equity method investments Hold-to-maturity securities 0 Total long-term investments Total assets $ 0

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