Question: 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

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
Income from operations $fill in the blank d4c616fcdf85068_1 $fill in the blank d4c616fcdf85068_2
Unrealized loss on trading investments fill in the blank d4c616fcdf85068_3 (2,500)
Net Income $fill in the blank d4c616fcdf85068_4 $17,200

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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 $151,200 $179,400 $211,400
Valuation Allowance for Trading Investments (7,400) 11,100 fill in the blank 8f0cd10f3067030_1
Trading Investments, at Fair Value fill in the blank 8f0cd10f3067030_2 fill in the blank 8f0cd10f3067030_3 fill in the blank 8f0cd10f3067030_4
Retained Earnings $178,200 $235,800 $fill in the blank 8f0cd10f3067030_5

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