Problem 17-9 On January 1, 2017, Bonita Inc. had the following balance sheet BONITA INC. BALANCE SHEET AS OF JANUARY 1, 2017 Assets Equity Cash $47,500 Common stock $265,800 Debt investments (avallable-for-sale) 240,200 Accumulated other comprehensive income 21,900 Total $287,700 Total $287,700 other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value of Bonita Inc.'s available-for-sale debt securities at December 31, 2017, was $189,800; its cost was $148,800. No securities were purchased during the year. Bonite Inc.'s income statement for 2017 was as follows. (Ignore income taxes.) BONITA INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Dividend revenue Gain on sale of investments Net income $5,500 31,400 $36,900 Prepare the journal entry to record the sale of the available-for-sale debt securities in 2017. Crelt 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 O for the amounts.) Account Titles and Explanation Debit Credit Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2017. (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 Prepare a statement of comprehensive income for 2017. BONITA INC. Statement of Comprehensive Income For the Year Ended December 31, 2017