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On January 1, 2014 Dayton and Wedron Railroad corporation's valuation Allowance for Trading investments (called Securities fair value adjustment) account has a debit balance of

On January 1, 2014 Dayton and Wedron Railroad corporation's valuation Allowance for Trading investments (called Securities fair value adjustment) account has a debit balance of $22,500 On December 31, 2014 the cost of trading securities portfolio was $80,000 and its fair market value was $98,000 What would Dayton and Wedron Corporation report on the income statement for 2014?

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