E16-10 AMP Incorporated, a world leader in the manufacture of electronic connection devices, reported the stockholders' equity on its balance sheet on page 646, as adapted, at December 31. Required 1. AMP's balance sheet also reports available-for-sale investments at $288 million. What was AMP's cost of the investments? What was the market value of the investments on December 31, 19X9? 2. Suppose AMP sold its available-for-sale investments in 20X0 for $259 million. Determine the gain or loss on sale of the investments. AMP INCORPORATED Balance Sheet (partial, adapted) Millions Shareholders' Equity: Common stock. Other capital... Unrealized gains on available-for-sale investments. Retained earnings... Treasury stock, at cost. Total shareholders' equity 19X9 $ 12 214 22 2,330 (243) $2,335