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At the end of its furst year, the equity securities portfolio consisted of the following common stocks. In the following year, the Edmunds common stock

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At the end of its furst year, the equity securities portfolio consisted of the following common stocks. In the following year, the Edmunds common stock is sold for cash proceeds of $57000. The gain or loss to be recogrized on the sale is a gain of $1200. loss of $3000. gain of $10600. loss of $1200

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