Goofy Inc. bought a sizeable amount of Crazy Co.'s bonds for $193,000 on May 5, 2020, and classified the investment as available-for-sale. The market value of the bonds declined to $112,000 by December 31, 2020. Goofy reclassified this investment as trading securities in December of 2021 when the market value had risen to $151,000. What effect on 2021 net income should be reported by Goofy for the Crazy Co. bonds

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)