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Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pertains to these securities. The fluctuations in their fair
Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Amortized Amortized Held to Maturity Fair Value Fair Value Cost Cost Securities: 12/31/2015 12/31/2016 12/31/2015 12/31/2016 ABC Co. Bonds $375,000 $400,000 $367,500 $360,000 Fair Value Fair Value Trading Securities: 12/31/2015 12/31/2016 Cost DEF Co. Stock $48,000 $59,500 $66,000 GEH Inc. Stock $47,000 $77,000 $39,000 IJK Inc. Stock $44,000 $38,500 $32,900 Available for Sale Fair Value Fair Value 12/31/2015 12/31/2016 Cost Securities: LMN Co. Stock $130,500 $150,400 $140,000 What total unrealized holding gain would Beresford report in its 2016 income statement relative to its investment securities
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