A31: EX. 15.14

Trading invesments: missing financial statement items JED Capital Inc. makes investments in trading securities. Selected income statement and balance sheet items for the years ended December 31, Year 2 and Year 3, are as follows: Determine the missing items assuming JED Capital Inc. paid no dividends JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 Income from operations Unrealized loss on trading investments (11,000) Net Income $ $28,000 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 1 Dec. 31, Year 2 Trading investments, at cost $144,000 $168,000 Valuation allowance for trading investments (12,000) 17,000 Dec. 31, Year 3 $ 205,000 Trading investments, at fair value Retained earnings $210,000 $245,000