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Harvey Penick Tennies Academy held investment in trading securities with a fair value of $55,000 at December 31, 2014. These investments cost Harvey Penick $47,000

Harvey Penick Tennies Academy held investment in trading securities with a fair value of $55,000 at December 31, 2014. These investments cost Harvey Penick $47,000 on January 1, 2014. What is the appropriate amount for Harvey Penick to report for these investments on the December 31, 2014, balance sheet?

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