1. Holly Compary inwotts its excess cash in marketable securities. At the beginning of 2019 , it had
the following portfolio of investments in availablefor-sale debt secuities. During 2019, the
following transactions ocourred: Mat 31 Purchased Union Company 8 we bonds with a face
value of 510.000 for $10.000 plus acerued interest: interest is payable on the bonds each June 30
and December 31 . Mar. 31 Bold the Ozone Company investment for $22 , 000 plus accrued
interest. June 30 Received the semiannual interest on the Union Company bonds. Dec. 31
Received the annual interest on the Igor Company bonds and the semiannual interest on the
Union Company bonds. Aequired: 1. Prepare jouma entries to record the preceding intormation.
2. Show what is reported on Holly's 2019 income statement. 3. Assuming the imvestment in lgor
Company bonds is considered to be a curert asset and the imestiment in Chion Company bonds is
considered to be a noncurrent asset, show how all the ilems are reported on Holyy Docomber
31,2019 , balunce sheot. 4. What is Hollys unrealized holding gain or lass on avalable-for-sale
securies in 2019?