Concord Corporation had the following portfolio of investments at December 31.2023 , that qualified and were accounted for using the FVOCI method: Early in 2024, Concord sold all the Frank shares for $16 per share, less a 1% commission on the sale. On December 31,2024. Concord's portfolio consists of the following common shares: Assume that Concord reports net income of $171,400 for its year ended December 31,2024 , and that the company follows a policy of capitalizing transaction costs. Realized gains and losses on equity investments are reclassified from accumulated other comprehensive income directly to retained earnings