On November 11, 2011, Wadsworth Company purchased twenty shares of ZZZ for $8 per share. Wadsworth held the investment for the remainder of 2011, and as of December 31, the per-share market value of ZZZ had risen to $10.During 2012, Wadsworth sold ten shares of ZZZfor $9 each, and at the end of 2012, the per-share market price of the remaining ten shares was $12. During 2013, the remaining shares of ZZZ were sold for $14 each. Assume that Wadsworth held no other equity investments during this time period.

a. Complete the following chart. The first column assumes that the investment was classified as trading securities; the second column assumes that the investment was classified as available-for-sale securities.

b. Comment on the differences.

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Trading Available-for-Sale 2011 income 12/31/11 halance sheet investment value 2012 income 12/31/12 balance sheet investment value 2013 income Total income ('11 + 12 + 13)