For several years Fister Links Products has held shares of Microsoft common stock, considered by the company to be securities available-for-sale. The shares were acquired at a cost of $500,000. Their fair value last year was $610,000 and is $670,000 this year.

At what amount will the investment be reported in this year's balance sheet?

Investment $?

my answer is $0 and $60k, but it is incorrected.

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S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2016, S&L purchased Coca-Cola common shares for $875,000 and sold the shares on January 3, 2017, for $880,000. At December 31, the shares had a fair value of $873,000.

What pretax amounts did S&L include in its 2016 and 2017 earnings as a result of this investment?

I think for 2016 pretax amount is $0 and for 2017 Gain $2k

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S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2016, S&L purchased Coca-Cola common shares for $875,000 and sold the shares on January 3, 2017, for $880,000. At December 31, the shares had a fair value of $873,000, and S&L has the intent and ability to hold the investment until fair value recovers.

What pretax amounts did S&L include in its 2016 and 2017 earnings as a result of this investment

I tnink for 2016 Loss $2,000 and 2017 $5,000

Thanks,