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Pat Ernst is the controller of Cullumber, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt

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Pat Ernst is the controller of Cullumber, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt securities cost $75,800 and have a fair value of $71,350. Indicate how Pat would report these data in the financial statements prepared on December 31. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).J

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