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29. At December 31, 2021, Jeter Corporation had the following debt securities that were purchased during 2021, its first year of operation: Fair Unrealized Cost

29. At December 31, 2021, Jeter Corporation had the following debt securities that were purchased during 2021, its first year of operation:

Fair Unrealized

Cost Value Gain (Loss)

Trading Securities:

Security A $ 85,000 $ 65,000 $(20,000)

B 15,000 20,000 5,000

Totals $100,000 $ 85,000 $(15,000)

Available-for-Sale Securities:

Security Y $ 70,000 $ 80,000 $ 10,000

Z 85,000 55,000 (30,000)

Totals $155,000 $135,000 $(20,000)

All market declines are considered temporary. Fair value adjustments at December 31, 2021 should be established with a corresponding charge against

Income Stockholders Equity

a. $40,000 $ 0

b. $25,000 $30,000

c. $15,000 $20,000

d. $15,000 $ 0

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