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QUESTION 7 Rainforest Corporation reported the following selected amounts on its comparative balance sheet: Current Assets 2012 2020 Trading Securities $9,000 $5,000 Available for Sale

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QUESTION 7 Rainforest Corporation reported the following selected amounts on its comparative balance sheet: Current Assets 2012 2020 Trading Securities $9,000 $5,000 Available for Sale Securities $28,000 314,000 Stockholders Equity Common Stock (31 par $61.931 5140,168 Paid in Capital in Excess of Par 3158,111 5204,750 Pald.in Capital Share Repurchase 59.544 $12,010 Retained Earnings 5315.000 $400,000 Accumulated Other Comprehensive income Unrealized Gain on Available for Sale Securities $33,402 551,015 The 2020 income statement for Rainforest Corporation reports Net Income $168.579 Gain on the sale of Nailable for Sale Securities 57,53 Additional Information Dutra 2.0, Rainforest Corporation retired 1,000 shares of its common stock at a price of $8 per share. These shares were originally issued for $10 per share. No other stock was retired. There were no treasury stock transactions and no stock dividends during 2020. Al issuances of common stock were in exchange for cash Required: Ditamine the amount to be reported on the 2020 Statement of CashHows as "Cast Received from Sale of Available for Sale Securities

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