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S&L Financial buys and sells securities that it typically classifies as available-for-sale On December 27, 2018, S&l. purchased Coca- Cola bonds at par for $875,000

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S&L Financial buys and sells securities that it typically classifies as available-for-sale On December 27, 2018, S&l. purchased Coca- Cola bonds at par for $875,000 and sold the bonds on January 3, 2019 for $880000. At December 31, the bonds had a fair value of $873,000. When it purchased the Coca-Cola bonds, S&L Financial decided to elect the fair value option for this investment What pretax amounts did S&L include in its 2018 and 2019 net income as a result of this investment (ignoring interes? Pretax Amount 2018 2019 Gain LOSS No gain/loss in earnings

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