Question Content Area

Investment Reporting

OBrien Industries Inc. is a book publisher.

Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, Year 1, are as follows:

	No. of Shares		Cost per Share		Total Cost		Total Fair Value
Bernard Co. stock	1,400		$11		$15,400		$14,000
Chadwick Co. stock	900		37		33,300		31,100
					$48,700		$45,100

Note 2. The investment in Jolly Roger Co. stock is an equity method investment representing 32% of the outstanding shares of Jolly Roger Co.

The following selected investment transactions occurred during Year 2:

Year 2
May 5.	Purchased 1,600 shares of Gozar Inc. at $20 per share including brokerage commission. Gozar Inc. is classified as an available-for-sale security.
Oct. 1.	Purchased $30,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as available for sale. The bonds pay interest on October 1 and April 1.
Oct. 9.	Dividends of $8,100 are received on the Jolly Roger Co. investment.
Dec. 31.	Jolly Roger Co. reported a total net income of $75,000 for Year 2. OBrien Industries Inc. recorded equity earnings for its share of Jolly Roger Co. net income.
Dec. 31.	Accrued three months of interest on the Nightline bonds.
Dec. 31.	Adjusted the available-for-sale investment portfolio to fair value using the following fair value per-share amounts:

Available-for-Sale Investments	Fair Value
Bernard Co. stock	$10 per share
Chadwick Co. stock	$32 per share
Gozar Inc. stock	$21 per share
Nightline Co. bonds	98 per $100 of face amount

Dec. 31.

Closed the OBrien Industries Inc. net income of $103,700 for Year 2. OBrien Industries Inc. paid no dividends during the year.

Required:

The comparative unclassified balance sheets for December 31, Year 2 and Year 1 are provided below. Determine the missing amounts in the unclassified balance sheet. Do not round interim calculations. Round final answers to nearest dollar. Use minus sign to indicate the negative amounts.

OBrien Industries Inc. Balance Sheet December 31, Year 2 and Year 1

	Dec. 31, Year 2	Dec. 31, Year 1
Cash	$175,225	$147,400
Accounts Receivable (Net)	101,700	94,200
Available-for-Sale Investments (at Cost) - Note 1	fill in the blank 1	48,700
Less Valuation Allowance for Available-for-Sale Investments	fill in the blank 2	3,600
Available-for-Sale Investments (Fair Value)	$fill in the blank 3	$45,100
Interest Receivable	$fill in the blank 4
Investment in Jolly Roger Co. Stock - Note 2	fill in the blank 5	$ 51,400
Office Equipment (Net)	85,400	89,900
Total Assets	$fill in the blank 6	$428,000
Accounts Payable	$ 54,600	$ 49,200
Common Stock	47,100	47,100
Excess of Issue Price Over Par	149,800	149,800
Retained Earnings	fill in the blank 7	185,500
Unrealized Gain (Loss) on Available-for-Sale Investments	fill in the blank 8	(3,600)
Total Liabilities and Stockholders' Equity	$fill in the blank 9	$428,00