On its January 1, 2022, balance sheet, Kickstart Beverage Company reports the following balances related to its investments in debt securities and equity securities with no signicant inuence:

Trading debt investments ...................................................... $ 56,000 AFS debt investments......................................................... 50,000

Equity investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Accumulated other comprehensive gains on AFS investments ......................... 5,000

The debt investments were purchased at par value. During 2022, Kickstart sold for $43,000 trading secu- rities carried at $40,000 on its beginning balance sheet. It sold the remaining trading securities held at the beginning of the year for $20,000. It purchased trading securities costing $60,000; their fair value at the end of 2022 was $52,000. Kickstart sold for $55,000 all AFS securities held at the beginning of the year. During 2022, it purchased AFS investments for $40,000; these investments have a fair value of $34,000 at year-end. The decline in value is credit-related. During 2022, Kickstart sold for $50,000 equity securi- ties carried at $45,000 on its beginning balance sheet. It did not purchase any new equity securities. The equity securities remaining on the books at year-end have a fair value of $63,000.

Required

Prepare journal entries to record the events of 2022, and determine the account balances related to trading, AFS, and equity securities reported on Kickstarts 2022 income statement and statement of comprehensive income, and its December 31, 2022, balance sheet.