### What is the balance sheet amount for trading securities

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Question - On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at \$20 per share, 200 shares of DELTA Corporation stock at \$40 per share, and 100 shares of ECHO Corporation stock at \$30 per share. All of these shares were purchased as trading securities. The market price per share of these securities at the end of 20X6 and 20X7, respectively, are:

Company 12/31/x6 12/31/x7

CHARLIE \$8 \$22

DELTA \$38 \$34

ECHO \$34 \$30

What is the balance sheet amount for trading securities at the end of 20X7?

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