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(5 points) On its December 31, 2020 balance sheet, Mindoro reported its investment in trading securities, which had cost $2,224,000, at its fair value
(5 points) On its December 31, 2020 balance sheet, Mindoro reported its investment in trading securities, which had cost $2,224,000, at its fair value of $3,113,600. At December 31, 2021, the fair value of the securities was $2,668,800. What should Mindoro report on its 2021 income statement as a result of the change in fair value of the investment? (A 34) an unrealized loss of $444,800 a realized gain of $1,334,400 an unrealized gain of $889,600 a realized loss of $444,800
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