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

Fair Value, Dec. $31$

Equity Investments Cost $20212022$

A Corporation shares $ $42$ $ $25$ N$/$A

B Corporation shares $5757$ $ $59$

C Corporation shares $26$ N$/$A $25$

D Industries shares $565761$

Totals $ $181$ $ $139$ $ $145$

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 $$26$ 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 $2022$ pretax earnings?

$2.$ At what amount should Harlon's securities equity investment portfolio be reported in its $2022$ balance sheet?

$($For all requirements, enter your answers in millions, $($i$.$e$.,10,000,000$ should be entered as $10).)$The investments of Harlon Enterprises included the following cost and fair value amounts $($ $ in millions$)$:

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 $$26$ million. On September $12,$ it purchased the C

Corporation shares.

Required:

What is the effect of the sale of the A Corporation shares and the purchase of the C Corporation shares

on Harlon's $2022$ pretax earnings?

At what amount should Harlon's securities equity investment portfolio be reported in its $2022$ balance

sheet?

$($For all requirements, enter your answers in millions, $($i$.$e$.,10,000,000$ should be entered as $10).)$