Highland industries inc. makes investments in available-for-sale securities. selected income statement items for the years ended december 31, year 2 and year 3, plus selected items from comparative balance sheets, are as follows:

there were no dividends.

determine the missing items. if required, use the minus sign to indicate a net or operating loss, unrealized losses, or a credit balance in the valuation allowance account.

highland industries inc.
selected income statement items
for the years ended december 31, year 2 and year 3
year 2 year 3
operating income (loss) $ $
gain (loss) from sale of investments 5,080 (10,160)
net income (loss) $ $(13,970)
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highland industries 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
assets
available-for-sale investments, at cost $99,060 $86,360 $120,650
valuation allowance for available-for-sale investments 6,350 (7,620)
available-for-sale investments, at fair value
stockholders' equity
unrealized gain (loss) on available-for-sale investments (8,890)
retained earnings $208,280 $294,640 $

Why might complaints of age discrimination grow when the economy is slow? companies work very hard to retain their best talent in a recession. older employees provide a large pool of talented workers. companies may try to lower their labor costs by laying off higher paid workers. companies may try to provide more opportunities to younger workers. older workers are least affected by a slow economy?

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled: