5 Chapter 12) Homework 5 (Chapter 12) Homework se S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2018, S&L purchased Coca-Cola bonds at par for $980,000 and sold the bonds on January 3, 2019, for $984,000. At December 31, the bonds had a fair value of $974,500, and S&L has the intent and ability to hold the investment until fair value recovers. What pretax amounts did S&L include in its 2018 and 2019 net income as a result of this investment? Pretax amount $ 5,500 2018 2019