Lorien Technologies, Inc., purchased the following securities during 2002: Security Classification Cost $ 5,000 Market Value (12/31/02)

Lorien Technologies, Inc., purchased the following securities during 2002:

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Security Classification Cost $ 5,000 Market Value (12/31/02) $ 4,000 A Trading B Trading C Available-for-sale D Available-for-sale 7,000 10,000 6,000 10,000 8,000 3,500 The following transactions occurred during 2003: a. On January 1, 2003, Lorien purchased Security E for $12,000. Security E is classified as available-for-sale. b. On March 23, 2003, Security B was sold for $4,700. C. On July 23, 2003, Security C was sold for $19.500. The remaining securities had the following market values as of December 31, 2003: Market Value Security A $ 4,500 DE 5,000 13,000 1. Determine the amount of (a) realized gain or loss and (b) unrealized gain or loss to be re- ported relating to Lorien's trading securities for 2003. 2. Determine the amount of (a) realized gain or loss and (b) unrealized gain or loss to be re- ported relating to Lorien's available-for-sale securities for 2003. Which amounts will ap- pear on the income statement?