KVS Capital, Inc., makes investments in trading securities. Selected income statement items for the years ended December
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KVS Capital, Inc. Selected Income Statement Items For the Years Ended December 31, 2012 and 2013 2012 2013 Operating income Unrealized gain (loss) Net income a. b. $(3,000) C. e. 19,000 KVS Capital, Inc. Selected Balance Sheet Items December 31, 2011, 2012, and 2013 Dec. 31, 2011 $123,000 Dec. 31, 2012 146,000 Dec. 31, 2013 $172,000 Trading investments, at cost Valuation allowance for trading investments Trading investments, at fair value Retained earnings There were no dividends Determine the missing lettered items. 9,000 d. $156,000 h. $192,000
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