On December 31, 2018, Sages securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Lindsay Jones, Inc. 1,000 shares $15,200 $19,800 Lindsay Jones, Inc. 2,000 shares 32,900 40,300 Duff Company 1,000 shares 15,900 12,000 Arnold Aircraft 2,000 shares 72,100 22,100 Totals $136,100 $94,200 During the year 2018, Sage Corp. sold 2,000 shares of Poley Corp. for $38,600 and purchased 2,000 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company.

What should be reported on Sages December 31, 2018, balance sheet?

What should be reported on Sages 2018 income statement?