Need Answers for A1) A2) B) C1) C2) D) E) F1) F2) & G).

At December 31, year 1. Charter Holding Co. owned the following marketable securities in capital stock of publicly traded companies I Brands. Inc. (5,000 shares: cost, 544 pen share, market value, $52) The Gap, Inc. (4,800 shares: cost, $42 per share; market value, $39) Cost $ 220,00 168,000 $ 388,00 Current Market Valve $ 260,000 156,000 5 416,00 In year 2, Charter engaged in the following two transactions, Apr.10 Sold 1, eee shares of its investnent in L Brands, Inc., at a price of $58 per share, less a brokerage commission of stee Aug. 7 Sold 2, eee shares of its investment in The Gap, Inc., at a price of $32 per share, less a brokerage commission of $150. At December 31, year 2, the market values of these stocks were: L Brands, Inc. $67 per share and The Gap, Inc., $37 per share. Required: a-1. Calculate the amount of marketable securities reported in the asset section of Charter's financial statements at December 31 year 1 a-2. Calculate the amount of unrealized gain or loss reported in the stockholdersequity section of Charter's financial statements at December 31 year 1 b. Prepare journal entries to record the transactions on April 10 and August 7 c-1. Prior to making a mark-to-market adjustment at the end of year 2. determine the unadjusted balance in the Marketable Securities control account c-2 Prior to making a mark-to-market adjustment at the end of year 2 determine the Unrealized Holding Gain (or Loss) on Investments d. Prepare a schedule showing the cost and the market values of securities owned at the end of year 2. e. Prepare the fair value adjusting entry required at December 31, year 2 1.1. Calculate the amount of marketable securities in the financial statements at December 31, year 2 1.2. Calculate the amount of unrealized holding gain (or loss) in the financial statements at December 31, year 2 g. Illustrate the presentation of the net realized gains (or losses) in the year 2 income statement. Assume a multiple-step income statement and show the caption identifying the section in which this amount would appear account