The following data pertain to Tyne Company’s investments in marketable equity securities. (Assume that all securities were held throughout 20X0 and 20X1.)

Required:

1. What amount should Tyne report as unrealized holding gain (loss) in its 20X1 income statement?

2. If Tyne were to sell its Alpha Co. investment in 20X2 for $157,000, what amount of gain or loss would it report on the sale in that year?

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Fair Value Cost 12/31/X1 12/31/XO Alpha Co. Beta Co. $150,000 150,000 $155,000 130,000 $100,000 120,000