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12. Investment in Debt Securities- Available for Sale. Matisse Corporation purchased SI million of Thybulle Company 6% bonds at par on July 1, 2018, with
12. Investment in Debt Securities- Available for Sale. Matisse Corporation purchased SI million of Thybulle Company 6% bonds at par on July 1, 2018, with interest payable on June 30th and December 31t of each year. Matisse determined that it should account for the bonds as an AFS investment. Due to a decline in market interest rates, at December 31, 2018 the bonds had a fair market value of SI.1 million. Matisse sold the Thybulle Company bonds on July 1, 2019 for $1.2 million. B. Complete the following table summarizing the impact of this bond investment on Net Income and Comprehensive Income. 2018 2019 Total Net Income: Interest Revenue - Realized Gain on Sale Other Comprehensive Income: - Unrealized Gain or Loss - Reclassification Comprehensive Income
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