Instrument Corporation has the following investments which were held throughout 20142015:

Fair Value

Cost 12/31/14. 12/31/15

Trading. $600,000. $800,000. $760,000

Available-for. 600,000. 640,000. 720,000

1)What amount of gain or loss would Instrument Corporation report in its income statement for the year ended December 31, 2015 related to its investments?

2) Make the journal entry on 12/31/2015

3) A)What amount would be reported as accumulated other comprehensive income related to investments in Instrument Corporations balance sheet at December 31, 2014?

B) Make journal entry