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Wildhorse Company's equity securities portfolio which is appropriately included in current assets is as follows: December 31, 2021 Cost Fair Value Unrealized Gain (Loss) Catlett
Wildhorse Company's equity securities portfolio which is appropriately included in current assets is as follows:
|
|
| December 31, 2021 | ||||
|
| Cost |
| Fair Value |
| Unrealized Gain (Loss) | |
| Catlett Corp. | $230000 | $191000 | $-39000 | |||
| Lyman, Inc. | 218000 | 235000 | 17000 | |||
|
| $448000 | $426000 | $-22000 | |||
Ignoring income taxes, what amount should be reported as a charge against income in Wildhorse's 2021 income statement if 2021 is Wildhorse's first year of operation?
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