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Problem 17-11 Marigold Corp. invested its excess cash in securities during 2017. As of December...

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Problem 17-11 Marigold Corp. invested its excess cash in securities during 2017. As of December 31, 2017, the securities portfolio consisted of the following common stocks. Quantity 900 shares 2,000 shares 2,000 shares Security Cost Fair Value Lindsay Jones, Inc. Poley Corp. Arnold Aircraft $15,100 $21,100 41,800 59,500 Totals $126,400 $122,400 39,800 71,500 What should be reported on Marigold's December 31, 2017, balance sheet relative to these securities? What should be reported on Fernandez's 2017 income statement? (If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Marigold Corp. Balance Sheet (Partial) Current Assets Equity Investments s 122,400 For the Year Ended December 31, 2017 Other Expenses and Losses Unrealized Holding Gain or Loss Equity 4000

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