Show Attempt History Current Attempt in Progress Martinez Corp. invested its excess cash in securities during 2020. As of December 31, 2020, the securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Lindsay Jones, Inc. 1,000 shares $14,900 $20,800 Poley Corp. 2,100 shares 40,100 42,000 Arnold Aircraft 2,100 shares 72,500 60,600 Totals $127,500 $123,400 (a) What should be reported on Martinez's December 31, 2020, balance sheet relative to these securities? What should be reported on Martinez's 2020 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Current Assets Equity Investments Martinez Corp. Balance Sheet (Partial) December 31, 2020 Other Expenses and Losses Income Statement For the Year Ended December 31, 2020 Unrealized Holding Gain or Loss - Income 123400 4100 i On December 31, 2021, Martinez's securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Lindsay Jones, Inc. 1,000 shares $14,900 $19,800 Lindsay Jones, Inc. 2,100 shares 33,000 40,300 Duff Company 1,000 shares 16,000 12,100 Arnold Aircraft 2,100 shares 72,500 21,800 Totals $136,400 $94,000 During the year 2021, Martinez Corp. sold 2,100 shares of Poley Corp. for $38,300 and purchased 2,100 more shares of Lindsay Jones, Inc. and 1,000 shares of Duff Company. What should be reported on Martinez's December 31, 2021, balance sheet? What should be reported on Martinez's 2021 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Current Assets Equity Investments Martinez Corp. Balance Sheet (Partial) December 31, 2021 Other Expenses and Losses Martinez Corp. Income Statement (Partial) For the Year Ended December 31, 2021 Unrealized Holding Gain or Loss - Income Loss on Sale of Investments 94000 38300 i 1800 i (c) Your answer is partially correct. On December 31, 2022, Martinez's securities portfolio consisted of the following common stocks. Security Quantity Cost Fair Value Arnold Aircraft 2,100 shares $72,500 $82,200 Duff Company 500 shares 8,000 6,100 Totals $80,500 $88,300 During the year 2022, Martinez Corp. sold 3,100 shares of Lindsay Jones, Inc. for $39,600 and 500 shares of Duff Company at a loss of $2,700. What should be reported on the face of Martinez's December 31, 2022, balance sheet? What should be reported on Martinez's 2022 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Current Assets Equity Investments Martinez Corp. Balance Sheet (Partial) December 31, 2022 Other Expenses and Losses Martinez Corp. Income Statement (Partial) For the Year Ended December 31, 2022 $ 88300 Unrealized Holding Gain or Loss - Income $ Loss on Sale of Investments 11,000 i