(Answered) Mungercom began operations on january 1 2006 the company

Finance

Munger.Com began operations on January 1, 2006. The company reports the following information about its investments at December 31, 2006:

Current assets ($ in thousands)		Cost		Market
Investments in marketable debt securities:
Able Corp. bonds (held-to-maturity)		$ 330		$ 290
Bryan Co. bonds (available-for-sale)		800		825
Caltran, Inc. bonds (trading)		550		515
Investments in marketable equity securities:
Available-for-sale	1,110		1,600
Trading	1,500		950

Required:

a. Show how each of these investments are reported on the Munger.Com balance sheet.

b. For assets that are marked to market, indicate where the unrealized value fluctuation is reported (in net income and/or in comprehensive income).

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