Castlegar Ltd. had the following investment portfolio at January 1, 2023: Investment Quantity Cost per Share Fair Value at Dec. 31, 2022 Earl Corp. 1,000 $15.00 $11.50 Josie Corp. 900 20.00 16.50 Asher Corp. 500 9.00 7.20 During 2023, the following transactions took place: 1. On March 1, Josie paid a $2 per share dividend. 2. On April 30, Castlegar sold 300 shares of Asher for $10.00 per share. 3. On May 15, Castlegar purchased 200 more Earl shares at $16.00 per share. 4. At December 31, 2023, the shares had the following market prices per share: Earl $17.00: Josie $19.00; and Asher $8.00. During 2024, the following transactions took place 5. On February 1, Castlegar sold the remaining Asher shares for $7.00 per share. 6. On March 1, Josie paid a $2 per share dividend. 7. On December 21, Earl declared a cash dividend of $3 per share to be paid in the next month. 8. At December 31, 2024, the shares had the following market prices per share: Earl $19.00 and Josie $21.00. Your answer is partially correct. Assume that Castlegar is a private enterprise that applies ASPE and accounts for its investment portfolio at cost (that is, the securities do not have actively traded market prices). Determine the amount by which the company's 2023 net income and 2024 net income would differ from the amounts reported under the assumptions given above. Net Income 2023 The net income would not change. 0 $ 2024