The Largest current asset on Waverly Corporation's balance sheet is Short-Term Investments. The investments cost Waverly $8,660, and their market value is $9,000. Suppose Waverly holds the investments in the hope of selling at a profit within a few months. How will Waverly classify the investments? What will Waverly report on the balance sheet at December 31, 20X6? What will Waverly report on its 20X6 income statement? Show a T-account for short term investments