Missing Statement Items, Available$-$for$-$Sale Securities

Highland Industries Inc. makes investments in available$-$for$-$sale securities$.$ Selected income statement items for the years ended December $31,$ Year $2$ and Year $3,$ plus selected items from comparative balance sheets, are as follows:

There were no dividends.

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Determine the missing items. If required, use the minus sign to indicate a net or operating loss, unrealized losses, or a credit balance in the valuation allowance account.

Highland Industries Inc.

Selected Income Statement Items

For the Years Ended December $31,$ Year $2$ and Year $3$

Year $2$ Year $3$

Operating Income $($Loss$)$ $fill in the blank $83$f$04$ff$12$f$80$fa$8\_1$

$fill in the blank $83$f$04$ff$12$f$80$fa$8\_2$

Gain $($Loss$)$ from Sale of Investments $7,500(12,000)$

Net Income $($Loss$)$ $fill in the blank $83$f$04$ff$12$f$80$fa$8\_3$

$$(21,000)$

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Highland Industries Inc.

Selected Balance Sheet Items

December $31,$ Year $1,$ Year $2,$ and Year $3$

Dec. $31,$ Year $1$ Dec. $31,$ Year $2$ Dec. $31,$ Year $3$

Assets

Available$-$for$-$Sale Investments, at Cost $$90,000$ $$86,000$ $$102,000$

Valuation Allowance for Available$-$for$-$Sale Investments $12,000(11,000)$ fill in the blank $53$c$1$e$0083$fe$305$a$\_1$

Available$-$for$-$Sale Investments, at Fair Value fill in the blank $53$c$1$e$0083$fe$305$a$\_2$

fill in the blank $53$c$1$e$0083$fe$305$a$\_3$

fill in the blank $53$c$1$e$0083$fe$305$a$\_4$

Stockholders' Equity

Unrealized Gain $($Loss$)$ on Available$-$for$-$Sale Investments fill in the blank fill in the blank $53$c$1$e$0083$fe$305$a$\_6$

$(16,400)$

Retained Earnings $$175,400$ $$220,000$ $fill in the blank