1 [8 points]The question was:On December 31, 2015, SouthCo had the following investments that were purchased during 2015, its firstyear of operations:CostFair ValueTrading Securities:Security A$935,000$865,000Security B85,00075,000$1,020,000$940,000TotalsSecurities Available-for-Sale:Security C$695,000$800,000Security D910,000870,000$1,605,000$1,670,000TotalsSecurities to Be Held to Maturity:Security E$525,000$540,000Security F620,000590,000$1,145,000$1,130,000TotalsNo investments were sold during 2015. All securities except Security C and Security F are consideredshort-term investments. None of the market changes are considered permanent. Please make sure yourfinal answer(s) are accurate to the nearest whole number.Your solution was: (a) Calculate the amount of investments reported as current assets