Jessie Inc. had the following cost and fair market values for their investments:

Istructions
1. Journalize the year-end revaluation entries required by Jessie Inc.
2. Prepare the relevant current and noncurrent sections of the statement of financial position for Jessie Inc. on December 31, 2016.

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Recorded Carrying Value December 31, Fair Value December 31, 2014 Fair Value Fair Value December 31, 2016 December 31, 2016 Initial Cost 2015 Held-for-trading $15. 200 Carruthers Brothers Inc. $18.000 $16.500 $17.500 Jay Bird Ltd. 32.000 30.750 29.500 34.000 6,500 56.500 7.500 54,750 8.000 59.500 9,200 53,900 Munchkins Ltd. Held-to-maturity Punky Sisters Ltd. Peanuts Inc. 8.000 9.000 10.000 9.250 $ 9,300 23,500 19,000 18,300 18,500 18,000 Booper Corp. 26,000 53.000 32.000 33,750 62,250 35.000 23,750 59.300 62.250 56.550 Available-for-sale- current Carrie's Carousel Ltd. 65.000 73.000 72,500 70.000 _ 25,000 98,000 Tracey Inc. 23,000 88,000 27,000 99,500 25,000 95,000 Investment in associates lan Investments Ltd. DS Lochead Inc. 32,000 34,500 36,000 37.000 53,750 27.000 59.000 42,500 28.500 63,000 29.000 30.000 67.000 65.000 96.250