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Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 8,600 Cash Short-term stock investments

Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 8,600 Cash Short-term stock investments (at cost) Equity method investments Held-to-maturity securities (long-term) 32,000 Fair value adjustment-stock 79,000 Accounts receivable 22,000 Fair value adjustment-trading $ 19,000 (2,800) 11,000 2,300 Prepare the assets section of a classified balance sheet. Hint. Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases stock investments. (Amounts deducted should be indicated by a minus sign.) Current assets Cash Answer is not complete. GERMX COMPANY Assets Section of Balance Sheet Stock investments (at cost) Fair value adjustment-Stock Trading securities (at cost) Fair value adjustment-Trading December 31 Assets $ 19,000 $ 32,000 (2,800) 29,200 8,600 2,300 10,900 Current assets Cash Answer is not complete. GERMX COMPANY Assets Section of Balance Sheet December 31 Assets Stock investments (at cost) Fair value adjustment-Stock Trading securities (at cost). Fair value adjustment-Trading Total current assets Long-term Investments Equity method investments Held-to-maturity securities $ 19,000 $ 32,000 (2,800) 29,200 8,600 2,300 10,900 59,100 79,000 22,000 Total long-term investments 101,000 Total assets $ 160,100

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