Question: * Your answer is incorrect. Pat Ernst is the controller of Blossom, Inc. At December 31, the end of its first year of operations, the

* Your answer is incorrect. Pat Ernst is the controller of Blossom, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt securities cost $75,000 and have a fair value of $70,600. Indicate how Pat would report these data in the financial statements prepared on December 31. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Under other revenues and stain in the income statement Investments Under current liabilities in the balance sheet Investments 4400 75000

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