At the beginning of 2018, Baker Co. reported
the following amounts related to investments:
ASSETS
Interest receivable-Black Co.
bonds
20,000
Investment in Blue Co. common
stock
$320,000
Fair value
adjustment
(10,000)=$310,000
Investment in Red Co. common
stock
$700,000
Fair value adjustment $20,000= $720,000
Investment in Black Co., 8% bonds-AFS
security $600,000
Fair value
adjustment
30,000 = $630,000
Requirement 1: In the space below each item a-d (or on a
t-account sheet), record Rockets 2018...