The following data pertain to Tyne Company's investments in marketable equity securities.
(Assume that all securities were held throughout 2016 and 2017.)
_______________________________________ Fair Value
_________________________ _ _Cost 12/31/17 12/31/16
Alpha Co. (Trading security)..................$150,000.........$155,000......$100,000
Beta Co. (Available-for-sale security).........150,000..........130,000........120,000
Required:
1. What amount should Tyne report as unrealized holding gain (loss) in its 2017 income statement?
2. What amount should Tyne report as net unrealized gain (loss) on available-for-sale securities at December 31, 2017, in its statement of stockholders' equity? Ignore tax effects.