The beginning balance sheet of Desk Source Co. included an$ 850,000 investment in Parson stock (20% ownership). During the year, Desk Source completed the following investment transactions:

Mar. 3: Purchased 9,000 shares at $ 9 per share of Andy Software common stock as a long-term, available-for-sale investment, representing 7 % ownership.

May 15: Received a cash dividend of $ 0.57per share on the Andy investment.

Dec. 15: Received a cash dividend of $ 80,000 from Parson investment.

Dec. 31: Received Parson's annual report showing $ 300,000 of net income.

Dec. 31: Received Andy's annual report showing $ 500,000 of net income for the year.

Dec. 31: Parson's stock fair value at year-end was $ 830,000.

Dec. 31:Andy's common stock fair value at year-end was $ 13 per share.

Requirement . Post transactions to T-accounts to determine the December 31,2016, balances related to the investment and investment income accounts. (Select the missing investment account.)

Long-Term InvestmentsParson					Revenue from Investments
Long-Term InvestmentsAFS					Dividend Revenue
Fair Value AdjustmentAFS

Requirement . Prepare Desk Source's partial balance sheet at December 31, 2016,from your answers in Requirement above. (If a box is not used in the partial balance sheet, leave the box empty; do not select a label or enter a zero.)

Desk Source, Co.
Balance Sheet (Partial)
December 31, 2016
Assets
Current Assets:
Long-term Assets:
Stockholders' Equity
Accumulated Other Comprehensive Income: