Canvas X CO F+ 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 ABC Co. Bonds $375,000 DEF Co. Bonds Trading Securities: Fair Value 12/31/2020 $48,000 $400,000 Fair Value 12/31/2021 Amortized Cost 12/31/2020 $367,500 Amortized Cost 12/31/2021 $360,000 Cost $ 59,500 $ 66,000 GEH Inc. Bonds $ 47,000 $ 77,000 $ 39,000 UK Inc. Bonds $44,000 $ 38,500 $ 32,900 Available-for-Sale Fair Value Fair Value Securities: LMN Co. Bonds 12/31/2020 $130,500 12/31/2021 $150,400 Cost $140,000 values are not considered permanent. 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 Held-to-Maturity Securities: ABC Co. Bonds Trading Securities: DEF Co. Bonds GEH Inc. Bonds UK Inc. Bonds Available-for-Sale Securities: LMN Co. Bonds Fair Value 12/31/2020 $375,000 Fair Value 12/31/2020 $ 48,000 $47,000 $44,000 Fair Value 12/31/2020 $130,500 Fair Value 12/31/2021 $400,000 Fair Value 12/31/2021 $ 59,500 $77,000 $ 38,500 Fair Value 12/31/2021 $150,400 Amortized Cost 12/31/2020 $367,500 Amortized Cost 12/31/2021 $360,000 Cost $ 66,000 $ 39,000 $ 32,900 Cost $140,000 What balance sheet amount would Beresford report for the total of its investments in bonds at 12/31/2020? $644,500. O $637,000.