BUSINESS MANAGEMENT DECISION You are the production manager for a small manufacturing firm. One prod- uct being made involves the use of toxic chemicals. A supervisor reports to you that a small amount of toxic fumes is leaking into your employees' work- space. Upon investigation, you discover that it will cost in excess of $3 mil- lion to repair the leak. This dollar figure represents an amount of money that your firm does not have readily available. Further, you discover that no em- ployee has complained of (or possibly What should you do? L even noticed) the leak. &L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2021, S&L purchased Coca- Cola bonds at par for $935,000 and sold the bonds on January 3, 2022, for $937,500. At December 31, the bonds had a fair value of $931,000. When it purchased the Coca-Cola bonds, S&L Financial decided to elect the fair value option for this investment. What pretax amounts did S&L include in its 2021 and 2022 net income as a result of this investment (Ignoring interest)? Pretax amount Loss 2021 Gain 2022