Trading invesments: missing financial statement items

JED Capital Inc., makes investments in trading securities. Selected income statement and balance sheets for the years ended December 31, Year 2 and Year 3, are as follows: There were no dividends. Determine the missing items.

JED Capital Inc. Selected Income Statement Items For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3

year 2 Year 3

Income from operations $ ? $. ?

Unrealized loss on trading investments ? (3,100)

Net Income ?

JED Capital 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

Trading Investments, at Cost $191,600 $227,400. $267,900

Valuation Allowance for

Trading Investments (9,400) 14,000 ?

Trading Investments, at ? ? ?

Fair Value

Retained Earnings $225,800 $298,900 ?