During the First Year of Operations,Makala Company Purchased Two Available-For-Sale

During the first year of operations,Makala Company purchased two available-for-sale investments as follows:

$\begin{array}{|l|c|c|}\hline \text { Security } & \text { Shares Purchased } & \text { Cost } \\\hline \text { Oceanna Company } & 700 & \$ 29,000 \\\hline \text { Rockledge, Inc. } & 1,900 & 41,000 \\\hline\end{array}$
Assume that as of December 31,the Oceanna Company stock had a market value of $49 per share and Rockledge,Inc.stock had a market value of $20 per share.Makala had 10,000 shares of no par stock outstanding that was issued for $150,000.For the year ending December 31,Makala had a net income of $105,000.No dividends were paid.
a. Prepare the current assets section of the balance sheet presentation for the available-for sale securities as of December 31.
b. Prepare the stockholders' equity section of the balance sheet as of December 31.