Cullumber Company's equity securities portfolio which is appropriately included in current assets is as follows: December 31, 2021 Cost Eair Value Unrealized Gain (Loss) Catlett Corp. $150000 $127000 $-23000 Lyman, Inc. 146000 155000 9000 $296000 $282000 $-14000 4 Ignoring income taxes, what amount should be reported as a charge against income in Cullumber's 2021 income statement if 2021 is Cullumber's first year of operation? O $23000 loss. O $14000 loss. $0. O $9000 gain Current Attempt in Progress Sunland Company purchased $2700000 of 9%, 5-year bonds from Cheyenne, Inc. on January 1, 2021, with interest payable on July 1 and January 1. The bonds sold for $2830740 at an effective interest rate of 8%. Using the effective-interest method, Sunland Company decreased the Available-for-Sale Debt Securities account for the Cheyenne, Inc. bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $10020 and $10380, respectively. At April 1, 2022, Sunland Company sold the Cheyenne bonds for $2790000. After accruing for interest, the carrying value of the Cheyenne bonds on April 1, 2022 was $2797440. Assuming Sunland Company has a portfolio of Available-for-Sale Debt Securities, what should Sunland Company report as a gain or loss on the bonds? 4 O $-7440. O $-20400. $0. O $-130740. On August 1, 2021, Pharoah Company acquired $420000 face value 10% bonds of Kasnic Corporation at 104 plus accrued interest. The bonds were dated May 1, 2021, and mature on April 30, 2026, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Pharoah make to record the purchase of the bonds on August 1, 2021? Debt Investments 420000 Premium on Bonds 27300 b Cash 447300 Debt Investments 447300 Cash 447300 Debt Investments 436800 Interest Revenue 10500 Cash 447300 0 Debt Investments 447300 Interest Revenue 10500 Cash 436800 Current Attempt in Progress On December 31, 2020, Sandhill Company purchased debt securities as trading securities. Pertinent data are as follows: Security Cost Fair Value At 12/31/21 A $130400 $117000 B 170000 184400 C 286400 261000 On December 31, 2021, Sandhill transferred its investment in security C from trading to available-for-sale because Sandhill intends to retain security C as a long-term investment. What total amount of gain or loss on its securities should be included in Sandhill's income statement for the year ended December 31, 2021? O $1000 gain. O $24400 loss. O $38800 loss. O $25400 loss