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At 12/31/21, Lakeland Company had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair ValueTrading Securities: Mcdonalds Bonds
At 12/31/21, Lakeland Company had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair ValueTrading Securities: Mcdonalds Bonds $ 995,000 $ 1,006,500 Starbucks Bonds 200,000 195,800 Totals $ 1,195,000 $ 1,202,300 Securities Available-for-Sale: Netflix Bonds $ 795,000 $ 865,500 Twitter Bonds 995,000 1,013,800 Totals $ 1,790,000 $ 1,879,300 Securities to Be Held-to-Maturity: AT&T Bonds $ 585,000 $ 596,900 GM Bonds 710,000 704,100 Totals $ 1,295,000 $ 1,301,000 No investments were sold during 2021. All securities except the Twitter bonds and General Motors bonds are considered short-term investments. None of the fair value changes is considered permanent. Required:Complete the following table. (Amounts to be deducted should be indicated with a minus sign.)
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