Fernandez Corp. invested its excess cash in available-for-sale securities during 2014. As of December 31, 2014, the portfolio of available-for-sale securities consisted of the following common stocks.

(a) What should be reported on Fernandez's December 31, 2014, balance sheet relative to these securities?
On December 31, 2015, Fernandez's portfolio of available-for-sale securities consisted of the following common stocks.

During the year 2015, Fernandez Corp. sold 2,920 shares of Poley Corp. for $38,950 and purchased 2,920 more shares of Lindsay Jones, Inc. and 1,810 shares of Duff Company.
(b) What should be reported on Fernandez's December 31, 2015, balance sheet? What should be reported on Fernandez's 2015 income statement?
On December 31, 2016, Fernandez's portfolio of available-for-sale securities consisted of the following common stocks.

During the year 2016, Fernandez Corp. sold 4,730 shares of Lindsay Jones, Inc. for $41,340 and 905 shares of Duff Company at a loss of $4,510.
(c) What should be reported on the face of Fernandez's December 31, 2016, balance sheet? What should be reported on Fernandez's 2016 income statement?
(d) What would be reported in a statement of comprehensive income at (1) December 31, 2014, and (2) December 31, 2015?

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Quantity Security Cost Fair Value $15,260 $21,750 Lindsay Jones, 1,810 shares Inc. Poley Corp. 2,920 40,840 42,960 shares Arnold Aircraft 2,920 73,250 60,750 shares $129,350 $125,460 Totals Security Quantity Cost Fair Value Lindsay Jones, 1,810 $15,260 $21,560 Inc. shares Lindsay Jones, 2,920 33,720 41,820 Inc. shares Duff Company 1,810 17,950 13,230 shares Arnold Aircraft 2,920 73,250 23,360 shares Totals $140,180 $99,970