Ceradyne Holdings Ltd., a publicly traded company, has two portfolios of investments: trading investments using the fair value through profit or loss model and investments in associates using the equity method. Information regarding these two portfolios is shown below: Account Trading Investments Investment in Associates Balance, beginning of year $100,000 $297,000 Purchases of investments during the year 29,600 41,300 Proceeds from sale of investments during the year 53,300 32,200 Realized gain (loss) on sale of investments 11,900 (9,100) Dividends received 3,100 8,000 Share of associates' net income 44,100 Fair value of portfolio, end of year 90,800 346,000