MS on Jan 1, 2021 ontinued) MS buys and sells securities expecting to earn profits on short-term differences in price. The following selected transaction time to s Investments in trading securities during 2021-2022. The company's fiscal year ends on December 31. No trading secures were held to 2021 May 1) Purchased 10,000 shares of Apple stocks for $120 per share Jun 1) Purchased 10,000 shares of Apple stocks for $145 per share Jul 1) Sold 15,000 shares of Apple stocks for $140 per share. Sep 1) Purchased 2.000 shares of Apple stocks for $130 per share Nov 1)Received dividend $50,000 Dec 31) Market price for Apple is $150 per share 2022 Apr 1) Purchased 3.000 Apple stocks for $160 per share May 1) Sold 2.000 Apple stocks for $150 per share July 1) Purchased 8.000 Apple stocks for $180 per share Aug 1) Sold 6,000 shares of Apple stocks for $190 per share Dec 31) Market price for Apple is $220 pershare MS uses the first in first-out (FIFO) cost basis assumption What is the total effect of the investment in Apple on MS's 2022 net income