Identify where each of the following items would be reported in the financial statements.

1. Loss on sale of investments in stock.

2. Unrealized gain on available-for-sale securities.

3. Market adjustment—trading.

4. Interest earned on investments in bonds.

5. Unrealized loss on trading securities.

Use the following possible categories:

Balance sheet:

Current assets Current liabilities

Investments Long-term liabilities

Property, plant, and equipment Stockholders’ equity

Intangible assets

Income statement:

Other revenues and gains. Other expenses and losses