1. Hutton Inc. purchased several investment securities during 2018, its first year of...

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Accounting

1.

Hutton Inc. purchased several investment securities during 2018, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. (Show computations)

Amortized Cost

Amortized Cost

Fair Value

Fair

Value

Held to Maturity

12/31/19

12/31/20

12/31/19

12/31/20

Thompson Co. Bonds

$375,500

$450,000

$375,000

$400,000

Available for Sale Securities

12/31/19

12/31/20

12/31/19

12/31/20

Next Day Co Stock

$140,000

$130,500

$165,500

Trading Securities

12/31/19

12/31/20

12/31/19

12/31/20

Thomas Co. Stock

$66,000

$48,000

$65,750

Whitney Inc Stock

$39,000

$47,000

$84,000

Demich Inc Stock

$32,900

$44,000

$45,000

What balance sheet amount would Hutton report for its total investment securities at 12/31/2020?

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