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Your answer is partially correct. Try again. Sunland Corporation has these long-term investments: common stock of Vejas Co. (10% ownership), cost $108,650, fair value $102,180;

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Your answer is partially correct. Try again. Sunland Corporation has these long-term investments: common stock of Vejas Co. (10% ownership), cost $108,650, fair value $102,180; common stock of Penn Inc. (30% ownership), cost $217,160, equity $245,830; and debt investment, cost $92,730, fair value, $145,600. Prepare the investments section of the balance sheet Sunland Corporation (Partial) Balance Sheet Investments 247780 Stock Investments (at fair value) Debt Investments (at fair value) 92730 245830 Stock Investments (at equity) Total Investments

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