S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $745,000 and sold the bonds on January 3, 2022, for $748,500. At December 31, the bonds had a fair value of $742,500. What pretax amounts did S&L include in its 2021 and 2022 net income as a result of this investment (ignoring interest)? (Enter all amounts as positive values.) Pretax Amount 2021 2022 Gain Loss No gain/loss in earnings S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $790,000 and sold the bonds on January 3, 2022, for $795,000. At December 31, the bonds had a fair value of $786,000, and S&L has the intent and ability to hold the investment until fair value recovers. What pretax amounts did S&L include in its 2021 and 2022 net income as a result of this investment? (Enter all amounts as positive values.) Pretax amount 2021 2022 Gain Loss No gain/loss in earnings Adams Industries holds 57,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx. On December 31, 2021, and December 31, 2022, the market value of the stock is $95 and $101 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet? Fair value through net income Equity method Consolidation Kim Company bought 40% of the shares of Phelps, Inc., at the start of 2021. Kim paid $15 million for the shares. Forty percent of the book value of Phelps's net assets is $12 million, and the difference of $3 million is due to land that Phelps owns that has appreciated in value. During 2021, Phelps reported net income of $2 million and paid a cash dividend of $1.3 million. At what amount does Kim carry the Phelps investment on its balance sheet as of December 31, 2021? (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Amount of investment reported in Kim balance sheet million Please answer all four parts