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The following information pertains to Botter Supply Co. for Year 1: Purchased $104,800 of marketable investment securities. Earned $5,600 of cash investment revenue. Sold for

The following information pertains to Botter Supply Co. for Year 1:

  1. Purchased $104,800 of marketable investment securities.
  2. Earned $5,600 of cash investment revenue.
  3. Sold for $26,800 securities that cost $24,924.
  4. The fair value of the remaining securities at December 31, Year 1, was $91,200.

b. What is the amount of net income under each of the three classifications?

Net Income
Held-to-Maturity
Trading
Available-for-Sale

C. What is the change in cash from operating activities under each of the three classifications? (List any cash outflows with a minus sign.)

Operating Activities
Held-to-Maturity
Trading
Available-for-Sale

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