Syracuse, Inc. reported net income of $202,052 thousand for fiscal 2017. The annual report included the following details about its available-for-sale debt securities:

(in thousands)	2017	2016
Cost of available-for-sale debt securities	$102,907	$83,849
Gross unrealized gains	3,602	1,694
Gross unrealized losses	(1,198)	(2,434)

a. What amount appeared on Syracuses balance sheet in 2017 for available-for-sale debt securities?

b. If Syracuse had instead classified these debt securities as trading, what would net income have been? Assume a marginal tax rate of 37% for your calculations.