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Proctor sells bonds with a carrying value of $104,800 for $106,200. The bonds were classified as an investment in trading securities. During the past two

Proctor sells bonds with a carrying value of $104,800 for $106,200. The bonds were classified as an investment in trading securities. During the past two years, Proctor recognized a net loss of $2,100 related to the investment. On the date of sale, Proctor should:

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