need help #5

5 On December 1, the company purchased securities for $1,000. On December 31, the company still held the securities. Before considering the impact of the change in value of the securities, the net income for the company was $1,500. Compute net income assuming that the December 31 fair value of the securities was $850. Assume that the securities are classified as available for sale $1,500 O $1,000 O $1,350 $1,650 $850