(Solution) - Bannister Corp holds short term trading investments On November 16 Bannister -(2025 Original AI-Free Solution)

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Bannister Corp. holds short-term trading investments. On November 16, Bannister paid $80,000 for a short-term trading investment in Intel stock. At December 31, the market value of Intel stock is $84,000. For this situation, show everything that Bannister would report on its December 31 balance sheet and on its income statement for the year ended December 31.