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Jeremiah Corporation purchased debt securities during 2021 and classified them as securities available-for-sale: Security A B Cost $49,000 93,000 25,300 Fair Value 12/31/2021 $50,800 84,000

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Jeremiah Corporation purchased debt securities during 2021 and classified them as securities available-for-sale: Security A B Cost $49,000 93,000 25,300 Fair Value 12/31/2021 $50,800 84,000 48,000 All declines are considered to be temporary. How much gain will be reported by Jeremiah Corporation in the December 31, 2021, Income statement relative to the portfolio? Multiple Choice $0 o $15.500 $24,500 None of these answer choices are correct

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