Problem 17-11 (Part Level Submission) Please help answer part C. My answer for Equity Investments is wrong. Should this be $88,500? Also, Unrealized holding gain - income is wrong. It is not $46,500. Is there another answer?

During the year 2021, Skysong Corp. sold 2,000 shares of Poley Corp. for $38,300 and purchased 2,000 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Skysong's December 31, 2021, balance sheet? What should be reported on Skysong's 2021 income statement? (If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Skysong Corp. Balance Sheet (Partial) December 31, 2021 Current Assets Equity Investments 94200 $ Skysong Corp. Income Statement (Partial) For the Year Ended December 31, 2021 Other Expenses and Losses Loss on Sale of Investor 1800 $1 Unrealized Holding Gair 37300 Click if you would like to Show Work for this question: Open Show Work (a) Your answer is correct. What should be reported on Skysong's December 31, 2020, balance sheet relative to these securities? What should be reported on Skysong's 2020 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Skysong Corp. Balance Sheet (Partial) December 31, 2020 Current Assets Equity Investments 122600 $ Income Statement For the Year Ended December 31, 2020 Other Expenses and Losses Unrealized Holding Gair 4000 Click if you would like to Show Work for this question: Open Show Work (b) Your answer is partially correct. Try again. On December 31, 2021, Skysong's securities portfolio consisted of the following common stocks. Cost Fair Value Security Lindsay Jones, Inc. Lindsay Jones, Inc. $15,100 Quantity 1,000 shares 2,000 shares 1,000 shares 33,200 15,800 Duff Company $20,000 40,300 12,100 21,800 $94,200 Arnold Aircraft 2,000 shares 71,400 $135,500 Totals During the year 2021, Skysong Corp. sold 2,000 shares of Poley Corp. for $38,300 and purchased 2,000 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Skysong's December 31, 2021, balance sheet? What should be reported on Skysong's 2021 income statement? (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Skysong Corp. Balance Sheet (Partial) December 31, 2021 Current Assets During the year 2021, Skysong Corp. sold 2,000 shares of Poley Corp. for $38,300 and purchased 2,000 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Skysong's December 31, 2021, balance sheet? What should be reported on Skysong's 2021 income statement? (If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Skysong Corp. Balance Sheet (Partial) December 31, 2021 Current Assets Equity Investments 94200 $ Skysong Corp. Income Statement (Partial) For the Year Ended December 31, 2021 Other Expenses and Losses Loss on Sale of Investor 1800 $1 Unrealized Holding Gair 37300 Click if you would like to Show Work for this question: Open Show Work During the year 2022, Skysong Corp. sold 3,000 shares of Lindsay Jones, Inc. for $40,100 and 500 shares of Duff Company at a loss of $2,700. What should be reported on the face of Skysong's December 31, 2022, balance sheet? What should be reported on Skysong's 2022 income statement? (If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Skysong Corp. Balance Sheet (Partial) December 31, 2022 Current Assets Equity Investments 88000 Skysong Corp. Income Statement (Partial) For the Year Ended December 31, 2022 Other Expenses and Losses Loss on Sale of Invest 10900 Unrealized Holding Gair 46500 Click if you would like to Show Work for this question: Open Show Work