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Current Attempt in Progress Rosewater Corporation, a publicly traded company using IFRS, is about to prepare its financial statements for the year ended April 3

Current Attempt in Progress
Rosewater Corporation, a publicly traded company using IFRS, is about to prepare its financial statements for the year ended April 30,
During the year, the company sold one-quarter of its long-term bond investments that were intended to be held to maturity.
They had been held for over nine years but were sold just a few months prior to maturity for a gain of $5,000. At the end of that year,
the remaining bonds, which the company still plans to hold to maturity, had a fair value that was $9,000 more than their carrying
amount. During the year, the company earned $4,000 of interest on these bonds but has only received $3,000 of this interest before
the end of the year. For the same year, the company also had a portfolio of equity investments that were held for trading that had a fair
value that was $28,000 higher than their carrying amount. The company also has an investment in an associate, and its share of that
associate's income was $17,000 for the year. The company received its share of all dividends that the associate declared and paid for
the year, amounting to $8,000.
Identify whether each of the above items should be included in net income or not.
Include in net income
Item
or not
Realized gain on long-term investments $5,000
Unrealized gain on long-term investments $9,000
Interest income $4,000
Unrealized gain on trading investments $28,000
Income from associate $17,000
Dividend from associate $8,000
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