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Exercise 12-14 (Algo) Various investment securities (LO12-2, 12-3, 12-4) At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its
Exercise 12-14 (Algo) Various investment securities (LO12-2, 12-3, 12-4) At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value $ 920,000 125,000 $1,045,000 $ 932,000 119,600 $1,051,600 Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security C Security D Totals Securities to Be Held-to-Maturity: Security E Security F Totals $ 720,000 920,000 $1,640,000 $ 798,000 935,800 $1,733,800 $ 510,000 635,000 $1,145,000 $ 520,500 629,600 $1,150,100 No investments were sold during 2021. All securities except Security D and Security Fare considered short-term investments. None of the fair value changes is considered permanent. Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) Reported on Balance Sheet as: Unrealized gain (loss) included in: Other Total Net Income Comprehensive Comprehensive (l/S) Income (OCI) Income Noncurrent assets Current assets $ 0 Trading Securities Security A Security B Securities Available-for-Sale Security C Security D Securities to be Held-to-Maturity Security E Security F Totals $ 0 $ 0 $ 0 $ 0 $
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