E 13-4 205 Investment in FVTPL Financial Assets During 2018, JAT Company purchased some securities as a short-term investment. The securities were held for sale purpose and treated as FVTPL financial assets. The costs of the securities and their market values on December 31, 2018, are listed below. Security Cost B $400,000 200,000 500,000 Market Value (December 31, 2018) $200,000 225,000 600,000 JAT had no FVTPL financial assets in the years before 2018. Before any adjustments related to these FVTPL financial assets, JAT had net income of $900,000 in 2018. What is net income (ignoring income taxes) after making any necessary FVTPL financial asset adjustments? What would net income be if the market value of Security A were $350,000? 1. 2