During 2012, Blaylock Corp. made the following purchases:The management of Blaylock classifies the Patterson bonds as available-for-sale and the AHI bonds as held-to-maturity. The Ogel investment is not large enough for significant influence.The December 31, 2012, fair market values of the investments were as follows:The December 31, 2013, fair market values of the investments were as follows:During 2014, Blaylock sold its entire investment in Ogel stock for $75 per share. The December 31, 2014, fair market values of the remaining investment were as follows:As of December 31, 2014, Blaylock’s management views the decline in value of the Patterson bonds as an impairment.What is the aggregate value of the three investment assets that Blaylock would report on its December 31, 2012 balance sheet?a. $258,000b. $259,300c. $260,300d. $263,000e. $265,300Ignoring taxes, what is the effect of the investments on Blaylock’s reported income for 2012?a. $7,800 increaseb. $10,100 increasec. $11,100 increased. $12,800 increasee. $18,200 increaseWhat is the aggregate value of the three investment assets that Blaylock would report on its December 31, 2013 balance sheet?a. $262,400b. $264,400c. $266,000d. $268,400e. $276,000Ignoring taxes, what is the effect of the investments on Blaylock’s reported income for 2013?a. $14,400 increaseb. $15,300 increasec. $16,200 increased. $17,300 increasee. $18,200 increaseWhat is the aggregate value of the two remaining investment assets that Blaylock would report on its December 31, 2014 balance sheet?a. $127,000b. $128,000c. $134,000d. $290,000e. $202,000Ignoring taxes, what is the effect of the investments on Blaylock’s reported income for 2014?a. $51,800 decreaseb. $50,800 decreasec. $42,800 decreased. $12,200 increasee. $20,200 increase

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