Yankton company began the year without an investment portfolio. during the year, it purchased investments classified as available-for-sale securities at a cost of $13,000. at the end of the year, the market value of the securities was $11,000. the yankton company's financial statements for the current year should showa loss of $2,000 on the income statement and available-for-sale investments of $13,000 on the balance sheetno loss on the income statement, available-for-sale investments netting to of $11,000, and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheetno loss on the income statement and available-for-sale investments of $13,000 on the balance sheet

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?