On January 1, 2018, Beaumont, Inc. began business. On December 31, 2018, Beaumont had the following investments in debt securities: D 2 3 Trading Cost $ 65,000 Fair Value 62,500 Available- for sale $112,000 106,000 4 All declines in value are deemed to be temporary in nature. 5 6 17 Required: 18 For each security, indicate how Beaumont should report the losses in its December 31, 2018 19 financial statements? 20