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5: SSS, Inc. purchased 100,000 of 10 percent bonds of AAA Industries on January 1, 2019, at a discount, paying 92,278. The bonds mature January

image text in transcribed 5: SSS, Inc. purchased 100,000 of 10 percent bonds of AAA Industries on January 1, 2019, at a discount, paying 92,278. The bonds mature January 1, 2024, and yield 12 percent; interest is payable each July 1 and January 1. SSS manages and evaluates investment performance on a documented risk-management or investment strategy based on fair value information. On December 31, 2019, when the market rate of interest is 14%, and the fair value of the bonds is 89,934, SSS will record an unrealized gain/loss of (Round the final answer to the nearest dollar.) Answer: activity Next page

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