QUESTION 2 Guido Inc. buys 2,000 shares of Weiner Company for $30 per share on January 1, 2006. At the end of 2006, Weiner shares are trading at $33 per share. Weiner has a total of 200,000 shares outstanding and reported net income of $3,000,000 and paid dividends of $1,000,000 for fiscal 2006 Determine the amount Guido Inc. will record as investment income in its income statement under the three scenarios Weiner is considered trading marketable equity security (MES), available-for-sale (AFS) MES, or using cost method. Trading Available for Sale Cost $ $ $ 10,000 10,000 30,000 $ Trading Available for Sale Cost $ 16,000 10,000 10,000 $ Trading Available for Sale Cost $ $ $ 16.000 16,000 10,000 Trading Available for Sale Cost $10,000 5 16,000 $ 10.000 QUESTION 3 * od # 3 4 5 6 7 8 9 O E R T Y 'S