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Trading invesments: missing financial statement items JED Capital Inc., makes investments in trading securities. Selected income statement and balance sheets for the years ended December
Trading invesments: missing financial statement items
JED Capital Inc., makes investments in trading securities. Selected income statement and balance sheets for the years ended December 31, Year 2 and Year 3, are as follows:
There were no dividends. Determine the missing items.
Year 2 | Year 3 | |
Income from operations | $fill in the blank d4c616fcdf85068_1 | $fill in the blank d4c616fcdf85068_2 |
Unrealized loss on trading investments | fill in the blank d4c616fcdf85068_3 | (2,500) |
Net Income | $fill in the blank d4c616fcdf85068_4 | $17,200 |
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Dec. 31, Year 1 | Dec. 31, Year 2 | Dec. 31, Year 3 | |
Trading Investments, at Cost | $151,200 | $179,400 | $211,400 |
Valuation Allowance for Trading Investments | (7,400) | 11,100 | fill in the blank 8f0cd10f3067030_1 |
Trading Investments, at Fair Value | fill in the blank 8f0cd10f3067030_2 | fill in the blank 8f0cd10f3067030_3 | fill in the blank 8f0cd10f3067030_4 |
Retained Earnings | $178,200 | $235,800 | $fill in the blank 8f0cd10f3067030_5 |
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