Sensor Corporation: $9 per share Required

a. Assuming that these securities are considered available-for-sale, what would be the effect on the financial statements of holding these securities?

b. Assuming that these securities are considered trading securities,what would be the effect on the financial statements?

c. What if, after the balance sheet date,Amber decides to sell Traylor Corporation stock for a market price of $14 per share? What would be the effect on the financial statements if the security is (1) available-for-sale or (2) trading?