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On December 31, 2021, Pharoah's securities portfolio consisted of the following common stocks. Security Lindsay Jones, Inc. Lindsay Jones, Inc. Duff Company Arnold Aircraft Quantity
On December 31, 2021, Pharoah's securities portfolio consisted of the following common stocks. Security Lindsay Jones, Inc. Lindsay Jones, Inc. Duff Company Arnold Aircraft Quantity 1,000 shares 2,100 shares 1,000 shares 2,100 shares Cost $15,100 32,900 15,900 72,400 $136,300 Fair Value $20,100 40,300 12,100 22,000 $94,500 Totals During the year 2021, Pharoah Corp. sold 2,100 shares of Poley Corp. for $38,200 and purchased 2,100 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Pharoah's December 31, 2021, balance sheet? What should be reported on Pharoah's 2021 income statement? (If no entry is required, select "No Entry" and enter o for the amounts.) Pharoah Corp. Balance Sheet (Partial) December 31, 2021 Current Assets Equity Investments T 94,500 Pharoah Corp. Income Statement (Partial) For the Year Ended December 31, 2021 Tother Expenses and Losses T Loss on Sale of Investri 38200 Unrealized Holding Gain or On December 31, 2021, Pharoah's securities portfolio consisted of the following common stocks. Security Lindsay Jones, Inc. Lindsay Jones, Inc. Duff Company Arnold Aircraft Quantity 1,000 shares 2,100 shares 1,000 shares 2,100 shares Cost $15,100 32,900 15,900 72,400 $136,300 Fair Value $20,100 40,300 12,100 22,000 $94,500 Totals During the year 2021, Pharoah Corp. sold 2,100 shares of Poley Corp. for $38,200 and purchased 2,100 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Pharoah's December 31, 2021, balance sheet? What should be reported on Pharoah's 2021 income statement? (If no entry is required, select "No Entry" and enter o for the amounts.) Pharoah Corp. Balance Sheet (Partial) December 31, 2021 Current Assets Equity Investments T 94,500 Pharoah Corp. Income Statement (Partial) For the Year Ended December 31, 2021 Tother Expenses and Losses T Loss on Sale of Investri 38200 Unrealized Holding Gain or
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