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thanks! 11 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
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11 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 $950,000 and sold the bonds on January 3, 2022, for $953,000. At December 31, the bonds had a fair value of $945,500. 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 03:43:41 2021 2022 oped Step by Step Solution
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