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Only need the answer to part C. Monty Corp. invested its excess cash in securities during 2020. As of December 31, 2020, the securities portfolio

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Only need the answer to part C.

Monty Corp. invested its excess cash in securities during 2020. As of December 31, 2020, the securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Lindsay Jones, Inc. 1,000 shares $14,800 $20,800 Poley Corp. 2,100 shares 40,200 42,100 Arnold Aircraft 2,100 shares 71,900 60,000 Totals $126,900 $122,900 What should be reported on Monty's December 31, 2020, balance sheet relative to these securities? What should be reported on Monty's 2020 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Monty Corp. Balance Sheet (Partial) December 31, 2020 Long-term Liabilities Equity Investments $ 122900 Income Statement For the Year Ended December 31, 2020 V Other Expenses and Losses Unrealized Holding Gain or Loss -Income $ 4000 i (b) Your Answer Correct Answer (Used) On December 31, 2021, Monty's securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Lindsay Jones, Inc. 1,000 shares $14,800 $20,200 Lindsay Jones, Inc. 2.100 shares 32,900 39,600 Duff Company 1,000 shares 15,900 12,100 Arnold Aircraft 2,100 shares 71,900 22,100 Totals $135,500 $94,000 During the year 2021, Monty Corp. sold 2,100 shares of Poley Corp. for $38,400 and purchased 2,100 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Monty's December 31, 2021, balance sheet? What should be reported on Monty's 2021 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Monty Corp. Balance Sheet (Partial) December 31, 2021 Current Assets Equity Investments $ $ 94,000 Monty Corp Income Statement (Partial) For the Year Ended December 31, 2021 Other Expenses and Losses Unrealized Holding Gain or Loss -Income $ 37,500 i PO Loss on Sale of Investments 1,800 i (c) Your answer is partially correct. On December 31, 2022, Monty's securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Arnold Aircraft 2,100 shares $71,900 $81,200 Duff Company 500 shares 7.950 6,000 Totals $79,850 $87,200 During the year 2022, Monty Corp. sold 3,100 shares of Lindsay Jones, Inc. for $40,200 and 500 shares of Duff Company at a loss of $2,700. What should be reported on the face of Monty's December 31, 2022, balance sheet? What should be reported on Monty's 2022 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Monty Corp. Balance Sheet (Partial) December 31, 2022 Current Assets Equity Investments $ $ 87200 Monty Corp. Income Statement (Partial) For the Year Ended December 31, 2022 Other Expenses and Losses Unrealized Holding Gain or Loss - Income $ $ Loss on Sale of Investments

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