During 2021, Nintendo held three Equity Securities Information regarding these securities is as follows Security Date Acquired Acquisition Cost Market Value (12 31 21) Date Sold Sale Price A 1 16 21 $55,000 $49,000 B 2 22 21 $64,000 $67,000 C 5 11 21 $97,000 8 14 21 $90,000 Based on the information given, what would be the effects on Nintendo's 2021 Income Statement To answer this write the account name and amount that is reported on the income statement (Hint It will be helpful for you to determine the entries to be made during the year of 2021 and on 12 31 21)

Question: During 2021, Nintendo held three Equity Securities. Information regarding these securities is as follows: Security Date Acquired Acquisition Cost Market Value (12/31/21) Date Sold Sale

During 2021, Nintendo held three Equity Securities. Information regarding these securities is as follows:

Security	Date Acquired	Acquisition Cost	Market Value (12/31/21)	Date Sold	Sale Price
A	1/16/21	$55,000	$49,000	--	--
B	2/22/21	$64,000	$67,000	--	--
C	5/11/21	$97,000	--	8/14/21	$90,000

Based on the information given, what would be the effects on Nintendo's 2021 Income Statement? To answer this write the account name and amount that is reported on the income statement. (Hint: It will be helpful for you to determine the entries to be made during the year of 2021 and on 12/31/21)

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