8. Sloan Company's trading securities portfolio which is appropriately included in current assets is as follows: December 31, 2007 Cost Fair Value Unrealized Gain (Loss) Arlington Corp. 260,000 210,000 -$50,000 Downs, Inc. 245,000 265,000 $20,000 Totals: $505,000 $475,000 -$30,000 Ignoring income taxes, what amount should be reported as a charge against income in Sloan's 2007 income statement if 2007 is Sloan's first year of operation? Answer: $30,000. What steps or formula do I follow to get 30,000