Use the following information on a company's investments in debt securities. The company's accounting year ends December 31.

Investment	Date of Acquisition	Cost	Fair Value 12/31/19	Date Sold	Selling Price
Colt Company bonds	9/20/19	$38,000	$37,000	2/10/20	$42,000
Dana Company bonds	10/2/19	14,000	14,200	1/17/20	13,000

1. If the above debt investments are categorized as trading securities, what amount is reported for gain or loss on securities in 2019 income?

2. If the above debt investments are categorized as trading securities, what amount is reported for gain or loss on securities in 2020 income?

3. If the above investments are categorized as available-for-sale securities, what amount is reported for gain or loss on securities in 2019 income?

4. If the above investments are categorized as available-for-sale securities, what amount is reported as gain or loss on securities in 2020 income?