11. When bonds are sold, the gain or loss on sale is the difference between the a. sales price and the cost of the bonds. b. net proceeds and the cost of the bonds. c. sales price and the market value of the bonds. d. net proceeds and the market value of the bonds. 12. At December 31, 2012, the trading securities for Settle, Inc. are as follows: SecurityCost Fair Value 12/31/12 $90,000 150,000 32,000 $93,000 141,000 29,000 Settle should report the following amount related to the securities in its 2012 income a. $3,000 gain b. $9,000 realized loss. c. $9,000 unrealized loss. d. $12,000 unrealized loss. 13. The balance in the Unrealized Loss-Equity account will a. appear on the balance sheet as a contra asset b. appear on the income statement under Other Expenses and Losses. c. appear as a deduction in the stockholders' equity section. d. not be shown on the financial statements until the securities are sold