On January 1, 2020, Teal Inc. had the following balance sheet.

TEAL INC. BALANCE SHEET AS OF JANUARY 1, 2020
Assets				Equity
Cash		$50,600		Common stock		$235,100
Debt investments (available-for-sale)		232,400		Accumulated other comprehensive income		47,900
Total		$283,000		Total		$283,000

The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value of Teal Inc.s available-for-sale debt securities at December 31, 2020, was $191,700; its cost was $131,400. No securities were purchased during the year. Teal Inc.s income statement for 2020 was as follows. (Ignore income taxes.)

TEAL INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Dividend revenue		$4,600
Gain on sale of investments		31,200
Net income		$35,800

Prepare the journal entry to record the sale of the available-for-sale debt securities in 2020. (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

List of Accounts

Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2020. (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

List of Accounts

Prepare a statement of comprehensive income for 2020.

TEAL INC. Statement of Comprehensive Income For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
Comprehensive IncomeNet IncomeOther Comprehensive IncomeUnrealized Holding GainUnrealized Holding LossComprehensive Loss			$
Comprehensive IncomeNet IncomeOther Comprehensive IncomeUnrealized Holding GainComprehensive LossUnrealized Holding Loss
Comprehensive IncomeNet IncomeOther Comprehensive IncomeUnrealized Holding GainComprehensive LossUnrealized Holding Loss
Comprehensive IncomeNet IncomeOther Comprehensive IncomeUnrealized Holding GainComprehensive LossUnrealized Holding Loss			$

List of Accounts

Prepare a balance sheet as of December 31, 2020.

TEAL INC. Balance Sheet (Partial) December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
Assets
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity			$
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity			$
Liabilities and Stockholders' Equity
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity			$
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accumulated Other Comprehensive IncomeAccumulated Other Comprehensive LossCashCommon StockCurrent LiabilitiesDebt InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant and EquipmentRetained EarningsStockholders' EquityTotal AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity			$

On January 1, 2020. Teal Inc. had the following balance sheet. Assets Cash Debt investments (watable for sale Total TEAL INC BALANCE SHEET AS OF JANUARY 1, 2020 Equity 550.600 Common stock 232.400 Accumulated other comprehensive income $283.000 Total $235.100 47.900 $283.000 The accumulated other comprehensive income related to unrealized holding gains on available for sale debe securities. The fair value of Teal Incs available for sale debt securities at December 31, 2020, was $191,700, its cost was $131400. No securities were purchased during the year. Teline's income statement for 2020 was as follows.rore income taxes TEAL INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Dividend revenue $4.500 31.200 Gain on sale of investments Net income $35.800 Prepare the journal entry to record the sale of th the available for sale debe securities in 2020. (Credit account titles are automatically indented when amount is entered. Donetindent manually. I no entry is required, select "No Entry for the account ttles and enter for the amounts) Account Titles and Explanation Debit Credit Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2020. (Credit account titles are automatically indented when amount is entered Do not indent manually. I no entry is required, select "No Entry for the account title and enter for the amounts) Account Titles and Explanation Debit Credit List of Accounts Prepare a statement of comprehensive Income for 2020. TEAL INC. Statement of Comprehensive Income $ List of Accounts Prepare a balance sheet as of December 31, 2020 TEAL INC. Balance Sheet (Partial) Assets Liabilities and Stockholders' Equity