Problem 12-2A (Part Level Submission) In January 2015, the management of Kinzie Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. 1 Purchased 600 shares of Muninger common stock for $31,200. Mar. 1 Purchased 810 shares of Tatman common stock for $21,870. Apr 1 Purchased SO $1,100, 8% Yoakem bonds for $55,000. Interest is payable semiannually on April 1 and October 1. July1 Received a cash dividend of $0.60 per share on the Muninger common stock Aug. 1 Sold 180 shares of Muninger common stock at $61 per share. Sept. 1 Received a $1 per share cash dividend on the Tatman common stock Oct. 1 Received the semiannual interest on the Yoakem bonds. Oct.1 Sold the Yoakem bonds for $54,000 At December 31, the fair value of the Muninger common stock was $53 per share. The fair value of the Tatman common stock was $26 per share. Your answer is partially correct. Try again. Identify the income statement accounts and give the statement classification of each account. Income Statement Account Dividend Revenue Category ther Revenues and Gains other Revenues and Gains Other Revenues and Gains Gain on Sale of Stock Investments Interest Revenue Loss on Sale of Debt Investments ther Expenses and Losses Unrealized Loss-Income Income before Income Dividends Expenses Net Income / (Loss) (d) Your answer is partially correct. Retained Earnings Identify the income statement acco Income Statement Account Dividend Revenue Gain on Sale of Stock InvestmentsOperating Expenses Interest Revenue Loss on Sale of Debt Investments Other Revenues and Gains Unrealized Loss-Income Sales Revenues Total Expenses Total Revenues Net Sales Gross Profit tion of each account. Total Operating Expenses Income from Operations Other Expenses and Losses Income before Income Taxes