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Music Makers Ltd. reported trading investments with an original cost

Music Makers Ltd. reported trading investments with an original cost

Music Makers Ltd. reported trading investments with an original cost of $115,000 and a fair value of $130,000 at December 31, 2014. It also reported an unrealized gain of $15,000 relating to the investment. During 2015, the investment was sold for $125,000. Describe how the sale of the investment would be recorded and reported in the 2015 financial statements?

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