Question: Freedom Corporation buys and sells debt securities which it classifies as trading securities. The company's fiscal year ends on December 31 Os December 27, 2021,
Freedom Corporation buys and sells debt securities which it classifies as trading securities. The company's fiscal year ends on December 31 Os December 27, 2021, Freedom purchased Westem Communications bonds et par for $760,000. At December 31, the bonds had a fair value of 774,000. On January 3, 2022, the bonds were sold for $790,000. The amount included in 2001 Freedom's net income as a result of this investment would be (Do not add dollar signe do not add comme by yourself to your amount round the answer to the whole number amount
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