$100,000. P17.9 (LO 2,4) (Gain on Sale of Investments and Comprehensive Income) On January 1, 2020, Acker Inc. had the following balance sheet. Acker Inc. Balance Sheet As of January 1, 2020 Assets Equity Cash $ 50,000 Common stock Debt investments (available-for-sale) 240,000 Accumulated other comprehensive income Total $290,000 Total $260,000 30,000 $290,000 The accumulated other comprehensive income related to unrealized holding gains on available for sale debt securities. The fair value of Acker Inc.'s available-for-sale debt securities at December 31, 2020, was $190,000; its cost was $140,000, No securities were purchased during the year. Acker Inc.'s income state- ment for 2020 was as follows. (Ignore income taxes.) Acker Inc. Income Statement For the Year Ended December 31, 2020 Dividend revenue Gain on sale of investments Net income $ 5,000 30,000 $35,000 Instructions (Assume all transactions during the year were for cash.) a. Prepare the journal entry to record the sale of the available-for-sale debt securities in 2020. b. Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2020. c. Prepare a statement of comprehensive income for 2020. d. Prepare a balance sheet as of December 31, 2020