Tingalo Inc Required:
A

Tingalo Inc. purchased three equity investments during the year ended December 31, 2020.
$$\begin{array} { | l | r | r | r | } \hline & \text { Investment A } & \text { Investment B } & \text { Investment C } \\\hline \text { Balance sheet value, Dec } 31,2020 & \$ 420,000 & \$ 28,000 & \$ 131,000 \\\hline \text { Dividends received } & 10,000 & 4,000 & 9,000 \\\hline \text { Dividend income } & 0 & 4,000 & 9,000 \\\hline \text { Total income (loss) recognized on the } & & & \\\text { investment } & 30,000 & 4,000 & ( 5,000) \\\hline \begin{array} { l } \text { Accumulated OCI on unrealized } \\\text { gains/osses }\end{array} & 0 & 8,000 \text { credit } &0 \\\hline\end{array}$$ Required:
a. Based on the available information, how did Tingalo classify each financial asset?
b. Determine the cost of each of the three investments. If it is not possible to do so with the available information, indicate what additional information would be needed.