Question: solve all On January 1 , 2 0 2 5 , Skysong Inc. had the following balance sheet. Skysong Inc. Balance Sheet As of January

solve all
On January 1,2025, Skysong Inc. had the following balance sheet.
Skysong Inc.
Balance Sheet
As of January 1,2025
The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value
of Skysong Inc.'s available-for-sale debt securities at December 31,2025, was $181,900; its cost was $128,800. No securities were
purchased during the year. Skysong Inc.'s income statement for 2025 was as follows. (Ignore income taxes.)
(a)
Prepare the journal entry to record the sale of the available-for-sale debt securities in 2025.(List all debit entries before credit
entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No
Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Your answer is partially correct.
Prepare the journal entry to record the Unrealized Holding Gain or Loss for 2025.(List debit entry before credit entry. Credit account
titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account
Prepare a statement of comprehensive income for 2025.
Prepare a balance sheet as of December 31,2025.
solve all On January 1 , 2 0 2 5 , Skysong Inc.

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