Pumpkin, Inc., has the following securities in its trading portfolio on December : Cost Market shares of Floppy Airlines, Inc. Common $ $ shares of Granger, Preferred shares of Hitime Corp., common All of these securities had been purchased during On December the bookkeeper properly prepared the required adjusting entry to report the portfolio to market value. During the company entered into the following transactions for its trading portfolio Received the annual $ dividend on each Granger preferred share held on August st On August th sold shares of Granger preferred stock at $ per share. Brokerage fees amounted to $ On December the market value of the stocks are as follows: Floppy Airlines common $ per share Granger preferred per share Hitime common per share

Required:

Determine the income statement effects of the company\'s trading portfolio for the year ended December  points