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Harvey Penick Golf Academy held trading investments valued at $55,000 at December 31, 2011. These investments cost Penick $50,000. What should appear on the Penick

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Harvey Penick Golf Academy held trading investments valued at $55,000 at December 31, 2011. These investments cost Penick $50,000. What should appear on the Penick income statement for the year ended December 31, 2013, for the trading investments? 65 Points) *) 550.000 $55,000 $5,000 unterlied gain Cannot be determined from the data given

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