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On January 1, 2016 Everglade Company purchased the following securities and properly accounted for them as securities available for sale: Security Cost Market Value ABC

On January 1, 2016 Everglade Company purchased the following securities and properly accounted for them as securities available for sale: Security Cost Market Value ABC $40,000 $55,000 DEF $72,000 $65,000 XYZ $16,000 $20,000 All declines in value are considered temporary. What amount should the Everglade Company report relative to these securities in its 2016 income statements?

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