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What amount should be reported as a reduction of income

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Question - Sloan Company's available-for-sale debt securities portfolio is as follows:

Bonds issued by Pike Corp: Cost = $260,000 FV = $210,000 Unrealized gain/loss = ($50,000)

Bonds issued by Downs, INC: Cost = $245,000 FV = $265,000 Unrealized gain/loss = $20,000

Ignoring income taxes, what amount should be reported as a reduction of income in Sloan's 20x2 income statement if 20x2 is Sloan's first year of operation?

Reference no: EM132276400

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