After the land sale, the balance sheet of Phoenix Investors LLC would be as follows: Basis FMV. Prepare a working paper to consolidate the balance sheets of Phoenix and Spark at the date of acquisition.Balance Sheet for Phoenix -PHNX from Morningstar Five years of historic balance sheet data for Phoenix -PHNX. A tax on profits from the sale of securities or other assets. Capital Loss, A decrease in the value of an investment or capital asset from its purchase price. Such stock is classified on our consolidated balance sheet, following distribution, as equity securities. Review the Phoenix balance sheet, including total assets, liabilities, and equity. Analyze the company's financial position with detailed insights. Phoenix holds all land for investment. Phoenix Capital Group is a leading oil and gas mineral rights acquisition firm.