The investments of Harlon Enterprises included the following cost and fair value amounts ($ in millions):

					Fair Value, Dec. 31
Equity Investments	Cost				2021				2022
A Corporation shares		$	60			$	34				N/A
B Corporation shares			75				75			$	77
C Corporation shares			35				N/A				34
D Industries shares			65				66				70
Totals		$	235			$	175			$	181

Harlon accounts for its equity investment portfolio at fair value through net income. Harlon sold its holdings of A Corporation shares on June 1, 2022, for $35 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 Harlons 2022 pretax earnings? 2. At what amount should Harlon's securities equity investment portfolio be reported in its 2022 balance sheet?