Highland industries inc. makes investments in available-for-sale securities. selected income statement items for the years ended december 31, year 2 and year 3, plus selected items from comparative balance sheets, are as follows:

there were no dividends.

determine the missing items. if required, use the minus sign to indicate a net or operating loss, unrealized losses, or a credit balance in the valuation allowance account.

highland industries inc.
selected income statement items
for the years ended december 31, year 2 and year 3
year 2 year 3
operating income (loss) $ $
gain (loss) from sale of investments 5,080 (10,160)
net income (loss) $ $(13,970)
feedback

highland industries inc.
selected balance sheet items
december 31, year 1, year 2, and year 3
dec. 31, year 1 dec. 31, year 2 dec. 31, year 3
assets
available-for-sale investments, at cost $99,060 $86,360 $120,650
valuation allowance for available-for-sale investments 6,350 (7,620)
available-for-sale investments, at fair value
stockholders' equity
unrealized gain (loss) on available-for-sale investments (8,890)
retained earnings $208,280 $294,640 $

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

What historical context does wiesel convey using the allusion of a fiery sky? he compares the sky to hell. the fires from air raids during world war ii the cremation of jews in the concentration camps the outbreak of forest fires from bombs in world war ii