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		$	36			$	22				N/A
B Corporation shares			51				51			$	53
C Corporation shares			23				N/A				22
D Industries shares			53				54				58
Totals		$	163			$	127			$	133

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 $23 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?