Trading and Available-for-Sale Securities Lorien Technologies, Inc., purchased the following securities during 2008:

The following transactions occurred during 2009:

a. On January 1, 2009, Lorien purchased Security E for $12,000. Security E is classified as available-for-sale.

b. On March 23, 2009, Security B was sold for $4,700.

c. On July 23, 2009, Security C was sold for $19,500 The remaining securities had the following market values as of December 31, 2009:

Required:
1. Determine the amount of

(a) realized gain or loss and

(b) unrealized gain or loss to be reported relating to Lorien’s trading securities for 2009.
2. Determine the amount of

(a) realized gain or loss and

(b) unrealized gain or loss to be reported relating to Lorien’s available-for-sale securities for 2009. Which amounts will appear on the income statement?

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Security Classification A Trading B C D Trading Available-for-sale Available-for-sale Cost Market Value (12/31/08) $ 5,000 $ 4,000 7,000 10,000 10,000 8,000 6,000 3,500