On January 1, 2017, Acker Inc. had the following balance sheet.

ACKER INC. BALANCE SHEET AS OF JANUARY 1, 2017
Assets				Equity
Cash		$ 50,000		Common stock		$ 260,000
Debt investments (available-for-sale)		240,000		Accumulated other comprehensive income		30,000
Total		$ 290,000		Total		$ 290,000

The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value of Acker Inc.s available-for-sale debt securities at December 31, 2017, was $ 190,000; its cost was $ 140,000. No securities were purchased during the year. Acker Inc.s income statement for 2017 was as follows. (Ignore income taxes.)

ACKER INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017
Dividend revenue		$ 5,000
Gain on sale of investments		30,000
Net income		$ 35,000

Prepare the journal entry to record the sale of the available-for-sale debt securities in 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

Prepare a statement of comprehensive income for 2017.

ACKER INC. Statement of Comprehensive Income For the Year Ended December 31, 2017

			$

$

Prepare a balance sheet as of December 31, 2017.

ACKER INC. Balance Sheet (Partial)

Assets

			$

			$
Liabilities and Stockholders' Equity

			$

$