Using the data in Question 13, how would Pat report the data if the investments were long-term and the debt securities were classified as available-for-sale? 

Data From Question 13.

Pat Ernst is the controller of J-Products, Inc. At December 31, the end of its first year of operations, the company’s investments in trading debt securities cost $74,000 and have a fair value of $70,000. Indicate how Pat would report these data in the financial statements prepared on December 31.