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Can you help? Smith buys and sells equity securities. On December 15, 2021, Smith purchased $532,000 of Jones shares and elected the fair value option

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Smith buys and sells equity securities. On December 15, 2021, Smith purchased $532,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2021, the Jones shares had a fair value of $576,000. In the 2021 financial statements, Smith will report (ignore taxes)

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