The following transactions pertain to Harrison Imports for Year 1:
1. Started business by acquiring $30,000 cash from the issue of common stock.
2. Provided $90,000 of services for cash.
3. Invested $35,000 in marketable investment securities.
4. Paid $18,000 of operating expense.
5. Received $500 of investment income from the securities.
6. Invested an additional $16,000 in marketable investment securities.
7. Paid a $2,000 cash dividend to the stockholders.
8. Sold investment securities that cost $8,000 for $14,000.
9. Received another $1,000 in investment income.
10. Determined the market value of the investment securities at the end of the year was $42,000.

Required
Use a vertical statements model to prepare a Year 1 income statement, balance sheet, and statement of cash flows, assuming that the marketable investment securities were classified as (a) held to maturity, (b) trading, and (c) available for sale.