1. Security Type Classification...........Cost............. Fair Value at 12/31/X1 .....................Fair Value at 12/31/X2

Bond A (Trading security)............... $ 7,200 .....................$ 8,500 ...................................... $8,000

Stock A (Trading security)............... 12,000........................ 9,000....................................... 10,200

Bond B (Available for sale).............. 16,500...................... 15,700 .......................................15,500

Bond C (Available for sale)............... 6,600....................... 10,575...................................... 11,350

What is the amount of the unrealized gain or loss recorded on the 12/31/X2 Income Statement?

Question 1 options:

	$700 unrealized gain
	$700 unrealized loss
	$1,275 unrealized loss
	$1,000 unrealized gain
	$1,000 unrealized loss