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On January 2, 2021, Young Co. purchased 10,000 Bosco Corp. bonds for $46 per bond as a long-term investment. These securities were properly classified as
On January 2, 2021, Young Co. purchased 10,000 Bosco Corp. bonds for $46 per bond as a long-term investment. These securities were properly classified as available for sale. On December 31, 2021, the market price of the bonds was $38 per bond. On January 28, 2022, Young sold 8,000 of the bonds for $33 per bond. For the year ended December 31, 2022, Young should report a realized loss on disposal of a long-term investment of what amount?
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