Novi purchased $5\%$ of ABC stock on $\frac{1}{1}\frac{?}{21}.$ Data regarding these securities follow:

On $\frac{1}{1}\frac{?}{24},$ Novi sold $$40,000($cost$)$ of the securities for $$39,000.$ Market Value of the remaining securities

at $\frac{12}{31}\frac{?}{24}$ was $$110,000.$

Determine:

The FVA balance at $\frac{12}{31}\frac{?}{23}$$

D or C

The FVA balance at $12/31/24$ $

D or C

The effect on $2023$ Net Income $

Incr. or Decr.

The effect on $2024$ Net Income $

Incr. or Decr.