A company purchases debt securities for $$100,000$ at the beginning of $2022.$ It classifies as trading securities and $$60,000$ as AFS securities$.$ It sells the securities in $2023.$

Required

recovered and is attributed to market factors.

a$.$

Note: Use a negative sign with an answer to indicate the net effect amount decreases Income or OCI.

b$.$

Note: Use a negative sign with an answer to indicate the net effect amount decreases Income or OCI.