Carrying Fair value Amount (at December 31) Investment in debt securities (intent is to hold to maturity) $40,000 $41,000 Investment in Chen Company stock 800,000 910,000 Bonds payable 220,000 195,000 (a) Dawson elects to use the fair value option whenever possible. Assuming that Dawson's net income is $100,000 in 2014 before reporting any securities gains or losses, determine Dawson's net income for 2014. Dawson's net income for 2014 $