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Alpha reported the following items related to debt and equity investments for the year: - Unrealized Gain Equity Security (Fair Value Method) $10,000 - Unrealized

Alpha reported the following items related to debt and equity investments for the year:

- Unrealized Gain Equity Security (Fair Value Method) $10,000

- Unrealized Gain - Available-for-Sale Debt Security 6,000

- Unrealized Gain - Trading Debt Security 2,500

- Realized Loss - Equity Security (Fair Value Method) (500)

1) What is the combined effect of these investments on Net Income for the year (ignore taxes)?

2) What is the combined effect of these investments on Other Comprehensive Income for the year (ignore taxes)?

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