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Please answer the incorrect parts. On November 1 of Year 1, Drucker Co. acquired the following investments in equity securities measured at FV-NI. begin{tabular}{|l|l|l|} hline
Please answer the incorrect parts.
On November 1 of Year 1, Drucker Co. acquired the following investments in equity securities measured at FV-NI. \begin{tabular}{|l|l|l|} \hline Kelly Corporation & 2,000 & shares of common stock (no par) at $60 per share \\ Keefe Corporation & 1,200 & shares preferred stock ( $10 par) at $20 per share \\ \hline \end{tabular} On December 31, the company's year-end, the quoted market prices were as follows: Kelly Corporation common stock, $52, and Keefe Corporation preferred stock, $24. Following are the data for the following year (Year 2). Mar. 02: Dividends per share, declared and paid: Kelly Corp., $1, and Keefe Corp., $0.50. Oct. 01: Sold 400 shares of Keefe Corporation preferred stock at $25 per share. Dec. 31: Fair values: Kelly common, $46 per share, Keefe preferred, $26 per share. December 31, Year 2. e. Indicate items and amounts that should be reported on the Year 2 income statement and year-end balance sheet. Note: Use a negative sign to indicate a lossStep by Step Solution
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