A company purchases debt securities for $200,000 at the beginning of 2022. It classifies $80,000 as trading securities and $120,000 as AFS securities. It sells the securities in 2023. Required For each of the following scenarios, indicate the net effect on income and other comprehensive income in each year 2022 and 2023. In each case, any unrealized decline in value below cost is expected to be recovered and is attributed to market factors. a. Trading securities AFS securities Fair value, end of 2022 Selling price, 2023 $76,000 86,000 $130,000 128,000 Note: Use a negative sign with an answer to indicate the net effect amount decreases Income or OCI. End of 2022 $ b. 2023 Income OCI 0 $ 0 0 Fair value, end of 2022 Selling price, 2023 Trading securities AFS securities $90,000 84,000 $112,000 136,000 Note: Use a negative sign with an answer to indicate the net effect amount decreases Income or OCI. End of 2022 $ 2023 Income OCI 0 $ 0 0