2. Pumpkin, Inc., has the following securities in its trading portfolio on December 31, 2021: Cost Market 2,000 shares of Floppy Airlines, Inc. Common $ 45,200 $ 32,100 500 shares of Granger, Preferred 51,000 51,500 10,000 shares of Hitime Corp., common 81,000 82,700 All of these securities had been purchased during 2021. On December 31, 2021 the bookkeeper properly prepared the required adjusting entry to report the portfolio to market value. During 2022, the company entered into the following transactions for its trading portfolio --- Received the annual $4 dividend on each Granger preferred share held on August 1 st . On August 10th , sold 500 shares of Granger preferred stock at $102.50 per share. Brokerage fees amounted to $550. On December 31, 2022 the market value of the stocks are as follows: Floppy Airlines common $ 21.75 per share Granger preferred 105.00 per share Hitime common 7.50 per share Required: Determine the income statement effects of the company's trading portfolio for the year ended December 31, 2022.