Pompey Inc. carries the following marketable equity securities on its books at December 31, 2011 and 2012. All securities were purchased during 2011. Trading Securities: Cost Fair Value 12/31/11 12/31/12 P Company P 500,000 P 260,000 P 400,000 R Company 260,000 400,000 400,000 T Company 700,000 600,000 500,000 TOTAL P 1,460,000 P 1,260,000 P 1,300,000 Available-for-sale Securities: Cost Fair Value 12/31/11 12/31/12