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Stream Launch Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Stream Launch enters into the following transactions involving its
Stream Launch Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Stream Launch enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the notes of Company B for $83,220. July 6 Purchased bonds of Company X for $127,200. November 13 Purchased notes of Company Z for $231, 000 . December 9 Sold all of the bonds of Company A for $581,748. Fair values at December 31 are: B,$85,600;C,$660,000;X,$120,000; and Z, $239,000. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Enter negative amounts with minus sign
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