810-168. Investments.
During 2009, Arctic Fans& Blowers has invested $245,000 of extra cash in securities. Of the total amount invested, $115,000 was invested in bonds that Arctic plans to hold until maturity (the bonds were issued at par); $55,000 was invested in various equity securities that Arctic plans to hold for an indefinite period of time; and $75,000 was invested in the stock of various companies that Arctic intends to trade to make a short-term profit. At the end of the year, the market value of the held-to-maturity securities was $108,000, the market value of the trading securities was $52,000, and the market value of the available-for-sale securities was $85,000. Use the accounting equation to record all adjustments required at year-end and indicate how the effects of each group of securities will be reported on the financial statements