13.26) Please see the attached image with problem to solve. Please give step by step explanation and be thorough in showing work. Thank you!

26. Effect of various methods of accounting for marketable equity securities. Information related to marketable equity securities of Callahan Corporation appears on the next page. Dividends Acquisition Received Fair Value Selling Dividends Fair Value Cost in During on Dec. 31, Price in Received on Dec. 31, Security 2013 2013 2013 2014 During 2014 2014 G . . . $18,000 $ 800 $16,000 $14,500 $ 200 H . 25,000 1,500 24,000 26,000 500 I . . 12,000 1,000 14,000 1,500 $17,000 $55,000 $3,300 $54,000 $40,500 $2,200 $17,000 a. Assume these securities are trading securities. Indicate the nature and amount of income recognized during 2013 and 2014 and the presentation of information about these secu- rities on the balance sheet on December 31, 2013 and 2014. b. Repeat part a assuming these securities are available-for-sale securities held as tempo- rary investments of excess cash by Callahan Corporation. c. Repeat part a assuming these securities represent long-term investments by Callahan Corporation held as available-for-sale securities.Questions, Exercises, and Problems d. Compute the combined income for 2013 and 2014 under each of the three treatments of these securities in parts a, b, and c. Why do the combined income amounts differ? Will total shareholders' equity differ? Why or why not