show detail and how to get it like use which formula and with explain Thank you so much! PLEASE IGNORE THE NOTE I SHOWS ON THE SHEET ALREADY! PLEASE follow what is shows on sheet to solve the problem, like fill in the balance sheet so on

please help me solve the example 9.2 and 9,3 because solve this two question may need to use some information or result for 9.1 so I post example 9.1 also

9.2 and 9.3

EXAMPLE 9.1 Passive Investments Cadet, Inc. buys and sells and equity securities of other companies as investments. Cadet's fiscal year- end is December 31. On June 1, 2016, Cadet purchased 1,000 shares of Sky Co. common stock for $500,000; after this transaction, Cadet owned 5% of Sky's outstanding voting stock. On December 31, 2016, Cadet received a dividend of $7,500 from Sky. The investment in Sky was sold on January 12, 2017, for $470,000 How will Cadet record the original investment in Sky? Because Cadet owns only 5% of the outstanding voting stock of Sky, this investment is considered passive this investment will have the following effect on Cadet's financial statements and its initial purchase is recorded at historical cost Therefore BALANCE SHEET INCOME STATEMENT ASSETS SHAREHOLDERS' EQUITY Cash -500,000 500,000 cash investment in sky Other assets= LIABILITIES +ConbibutedCapMal Eametapital REVENUES-EXPENSES= NET INCOME What adjustments will Cadet record on December 31, 2016, assuming the investment in Sky has a fair market value of $450,000 Because these investments are classified as passive, any unrealized gain or loss will be recorded in the at December 31. We can determine the gain/loss by comparing the income statement investments' fair market value to its stale valuation, which in this case is the historical cost recognized above state valuation 450,000 500,000 50,000 This loss will be recorded on the financial statements as follows BALANCE SHEET INCOME STATEMENT ASSETS SHAREHOLDERS' EQUITY Cash Other assets= LIABILITIES +Conbibuted Cupita. Eametapital REVENUES-EXPENSES= NET INCOME Additionally, the company will report $7,500 of_ dividend revenue in net income