What balance sheet amount would lewis report for its total


Lewis Inc. purchased several investment securities during 2014, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.

 

Fair Value

Fair

Value

 

Amortized Cost

Amortized Cost

Held to Maturity

 

12/31/15

12/31/16

 

12/31/15

12/31/16

  Baxter Co. Bonds

 

$375,000

$400,000

 

$367,500

$460,000

 

 

 

 

 

 

 

Trading Securities

 

 

 

 

 

 

Ready Co. Stock

 

$48,000

$61,500

 

$66,000

 

Sky Inc Stock

 

$47,000

$79,000

 

$39,000

 

Brandy Inc Stock

 

$44,000

$40,500

 

$32,900

 

 

 

 

 

 

 

 

Available for Sale Securities

 

 

 

 

 

 

Overarmor Co Stock

 

$130,500

$152,600

 

$140,000

 

What balance sheet amount would Lewis report for its total investment securities at 12/31/2016?

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