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Key Code: Key code here Instructions Answers are entered in the cells with gray backgrounds Cells with non-gray backgrounds are protected and cannot be edited. An asterisk () willappear to the right of an incorrect entry. The essay answer will not be graded. 2016 Dec. 31 a. Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments Fair Value Dec 31, 2016) Cost Arden Enterprises, Inc. French Broad Industries, Inc. Pisgah Construction, Inc. Total Increase (decrease) in fair value of trading investments b. (Key essay answer here)

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