The investments of Harlon Enterprises included the following cost and fair value amounts: ($ in millions) Fair Value, Dec. 31 Equity Investments Cost 2018 2019 A Corporation shares $ 20 $ 14 na B Corporation shares 35 35 $ 37 C Corporation shares 15 na 14 D Industries shares 45 46 50 Totals $ 115 $ 95 $ 101 Harlon accounts for its equity investment portfolio at fair value through net income. Harlon sold its holdings of A Corporation shares on June 1, 2019, for $15 million. On September 12, it purchased the C Corporation shares. Required: 1. What is the effect of the sale of the A Corporation shares and the purchase of the C Corporation shares on Harlon's 2019 pretax earnings? 2. At what amount should Harlon's securities equity investment portfolio be reported in its 2019 balance sheet?