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27 Novi purchased ABC bonds on 1/1/23. Data regarding these available-for-sale securities follow: On 1/1/26, Novi sold $40,000 (cost) of the securities for $39,900, Market

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27 Novi purchased ABC bonds on 1/1/23. Data regarding these available-for-sale securities follow: On 1/1/26, Novi sold $40,000 (cost) of the securities for $39,900, Market Value of the remaining securities at 12/31/26 was $112,000. Proper accounting for investments and the related Adjusting Journal Entries will have what net effect on 2026 Comprehensive income? Select one. a. $2,000 b. $7,100 c $3,000 d. $3,100 e. $2,900

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