On December 31, 2021, the end of its first year of operations, Pharoah Associates owned the following securities that are held as a long-term investments. The securities are not held for influence or control of the investee. Shares Common Stock Gehring Co. Cost $58,800 2.100 Wooderson Co. 5,100 40,800 Kitselton Co. 1.700 30,600 On December 31, 2021, the total fair value of the securities was equal to its cost. In 2022, the following transactions occurred. Aug 1 Sept 1 Oct. 1 Received $0.50 per share cash dividend on Gehring Co. common stock. Sold 1,530 shares of Wooderson Co.common stock for cash at $7 per share. Sold 840 shares of Gehring Co.common stock for cash at $31 per share. Received $1 per share cash dividend on Kitselton Co.common stock Received $0.50 per share cash dividend on Gehring Co.common stock. Received $1 per share annual cash dividend on Wooderson Co.common stock Nov. 1 Dec, 15 Dec. 31 At December 31, the fair values per share of the common stocks were: Gehring Co $30, Wooderson Co. $7, and Kitselton Co. $16. These investments should be classified as long-term. Show the balance sheet presentation of the investments at December 31, 2022. At this date, Pharoah Associates has common stock $1,466,000 and retained earnings $1,190,000. Pharoah Associates Balance Sheet (Partial) December 31, 2022 $ 16.67/25 Show the balance sheet presentation of the investments at December 31, 2022. At this date. Pharoah Associates han common stock 51.466,000 and retained earnings $1.190.000 Pharoah Associates Balance Sheet (Partial) December 31, 2012 Long-term Liabilities Totat intangible Assets Current Liabilities Total Assets Total Liabilities and Stockholders' Equity Total Current Liabilities Investments Property, plant and Equiment Current Assets Intangible Assets Total Liabilities Unrealized loss on Available for sale Securities Total Long-term investments Common Stock Total Current Assets Retained Earnings Total Stockholders' Equity Investment in Stock of Less Than 20% Owned Companies, atrair value Stockholders' Equity Total Long-term Liabilities Total Poid-in Capital and retained Earnings Total Property, plant and Equipment $