Zyggy Corporation invests in the stock of other companies for trading purposes. Zyggy has the following investment activity during 2018, 2019, and 2020:

Purchased stock of Allen Corporation on February 3, 2018, for $200,000. The investment was sold on June 18, 2018, for $210,000

Purchased stock of Becker Corporation on October 29, 2018, for $400,000. The investment had a fair value of $380,000 on December 31, 2018, and was sold for $405,000 on March 1, 2019.

Purchased stock of Corey Corporation on November 1, 2018, for $600,000. Its fair value on December 31, 2018 and 2019 was $640,000 and $510,000, respectively. The investment was sold for $500,000 on February 15, 2020.

a. At what amount is Zyggys investment in equity securities reported on its December 31, 2018, and 2019 balance sheets?

Investment in equity securities Year-end balances
2018	$Answer
2019	$Answer

b. What gains and losses are reported on Zyggys income statements for 2018, 2019, and 2020?

Use a negative sign with your answer(s) to indicate a net loss, when applicable.

Net gain/(loss) on investments
2018	$Answer
2019	$Answer
2020	$Answer