Yankton company began the year without an investment portfolio. during the year they 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 show

a) a loss of $2,000 on the income statement and available-for-sale securities of $13,000 on the balance sheet
b) no loss on the income statement and available-for-sale securities of $13,000 on the balance sheet
c) no loss on the income statement, available-for-sale securities of $11,000 and an unrealized loss of $2,000 as a stockholders%u2019 equity adjustment on the balance sheet
d) a loss of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.