JED Capital Inc.
Selected Income Statement Items
For the Years Ended December 31, 2014 and 2015
2014 2015
Operating income a. e.
Unrealized gain (loss) b. $(11,000)
Net income c. 28,000
JED Capital Inc.
Selected Balance Sheet Items
December 31, 2013, 2014, and 2015
Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015
Trading investments, at cost $144,000 $168,000 $205,000
Valuation allowance for trading investments (12,000) 17,000 g.
Trading investments, at fair value d. f. h.
Retained earnings $210,000 $245,000 i.
There were no dividends.
Determine the missing lettered items.
Answer:
a. $6,000 $35,000 [from (c)] – $29,000 [from (b)]
b. $29,000 $17,000 – (– $12,000)
c. $35,000 $245,000 – $210,000
d. $132,000 $144,000 – $12,000
e. $39,000 $28,000 + $11,000
f. $185,000 $168,000 + $17,000
g. $6,000 $17,000 – $11,000
h. $211,000 $205,000 + $6,000
i. $273,000 $245,000 + $28,000