Current Attempt in Progress 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