Question: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate any

Answer is complete but not entirely correct. Complete this question by entering

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate any amounts that Ornamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of these investments. Ignore income taxes. Note: Amounts to be deducted should be indicated with a minus sign. Income statement: Interest revenue Gain on investments Net income Statement of comprehensive income: Net income Other comprehensive income: Reclassification adjustment Gain on investments Comprehensive income Balance sheet: Current Assets Interest receivable Noncurrent Assets Investment in bonds Add: Fair value adjustment Retained earnings Assets $ 60,000 25,000 $ 85,000 $ 85,000 S (25,000) 35,000 (60,000) $ 25,000 $ 44,000 $ 2,300,000 10,000 $ 2,310,000 Shareholders' Equity Accumulated other comprehensive income $ 85,000 10,000 < Required 1 Required 2 > Show less

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