Brooks sells a portion of its trading securities (costing$35,500) for $40,000 cash. Analyze each transaction above byshowing its effects on the accounting equation??specifically,identify the accou

Brooks sells a portion of its trading securities (costing$35,500) for $40,000 cash. Analyze each transaction above byshowing its effects on the accounting equationâ??specifically,identify the accou Required information [The following information applies to the questions displayed below.] Brooks Company purchases debt investments as trading securities at a cost of \( \$ 71,000 \) on December 27. 2 answers