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Jan. 1 eTextbook and Media In its first year of operations, Cullumber Corporation...

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Accounting

Jan. 1
eTextbook and Media In its first year of operations, Cullumber Corporation purchased, available-for-sale debt securities costing \$66,500 as a long-term investment. At December 31,2027, the fair value of the securities is \(\$ 61,850\).
Show the financial statement presentation of the securities and related accounts. Assume the securities are noncurrent. (Enter negative amounts using either a negative sign preceding the number eg.45 or parentheses eg.(45).)
CULLUMBER CORPORATION Balance Sheet
\(\$ \)
\(\$ \)
CULLUMBER CORPORATION
Comprehensive Income Statement
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