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ydell Capital, Inc., makes investments in trading securities. Selected income statement items for the years ended December 31, 2016 and 2017, plus selected items from

ydell Capital, Inc., makes investments in trading securities. Selected income statement items for the years ended December 31, 2016 and 2017, plus selected items from comparative balance sheets, are shown in the income statement and balance sheet below:

There were no dividends.

Determine the missing items.

Lydell Capital, Inc.
Selected Income Statement Items
For the Years Ended December 31, 2016 and 2017
2016 2017
Operating Income $ $
Unrealized Gain (Loss) (2700)
Net Income $ $18,600

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Lydell Capital, Inc.
Selected Balance Sheet Items
December 31, 2015, 2016, and 2017
Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017
Trading Investments, at Cost $163500 $194000 $228600
Valuation Allowance for Trading Investments (8000) 12000
Trading Investments, at Fair Value
Retained Earnings $192700 $255000 $

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