Question 1 Not complete Marked out of 10.00 Trading Securities Martin Inc. purchased the following equity securities during 2019: Security Cost 2019 Year-End Value Tindall Corp $164,000 $182,400 Louis Corp $304,000 $329,600 Nichols Inc. $424,000 $446,400 Assume these are the only securities Martin owns and that the company accounts for them as trading securities. 1. How will changes in the prices of the securities affect net income? Note: Use a negative sign to indicate a loss will be reported on the income statement or enter zero if the change in prices does not affect net income. An unrealized gain (loss) will be reported on the income statement in the amount of: $ 2. What would the effect on net income be if the Nichols Inc. securities were worth $370,400 at year-end? Note: Use a negative sign to indicate a loss will be reported on the income statement or enter zero affect net income. An unrealized gain (loss) will be reported on the income statement in the amount of: $ the change in prices does not