Gowdy Company has the following long-term investments: (1) Ordinary shares of Dixen Co. (10% ownership) held as

Question:

Gowdy Company has the following long-term investments:
(1) Ordinary shares of Dixen Co. (10% ownership) held as available-for-sale securities; cost $108,000, fair value $115,000.
(2) Ordinary shares of Ely Ltd, (30% ownership), cost $210,000, equity $270,000. Prepare the investments section of the statement of financial position.