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Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in

Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.

Held-to-Maturity Securities: Fair Value 12/31/2020 Fair Value 12/31/2021 Amortized Cost 12/31/2020 Amortized Cost 12/31/2021
ABC Co. Bonds $ 395,000 $ 420,000 $ 387,500 $ 380,000
Trading Securities: Fair Value 12/31/2020 Fair Value 12/31/2021 Cost
DEF Co. Bonds $ 65,000 $ 76,000 $ 81,800
GEH Inc. Bonds $ 67,000 $ 97,000 $ 59,000
IJK Inc. Bonds $ 64,000 $ 58,500 $ 52,900
Available-for-Sale Securities: Fair Value 12/31/2020 Fair Value 12/31/2021 Cost
LMN Co. Bonds $ 162,400 $ 175,900 $ 160,000

What balance sheet amount would Beresford report for the total of its investments in bonds at 12/31/2020?

Multiple Choice

a) $753,400.

b) $727,900.

c) $745,900.

d) None of these answer choices are correct.

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