The following transactions occurred during the year for XYZ Corporation:

(a.) During the year, trading securities were purchased for $250,000.

(b.) During the year, securities available fo

r sale were purchased for $80,000.

(c.) During the year, trading securities that are carried on the balance sheet at their fair value of $125,000

were sold for $125,000 cash.

(d.) At the end of the year, the trading securities portfolio has an aggregate ma

rket value of $142,000 and

an aggregate cost of $150,000.

(e.) At the end of the year the securities available for sale portfolio has an aggregate market value of

$95,000.

Question: What is the total effect on Net Income?