Question: Granny Corporation bays and sells debt securities which it classifies as available-for-sale securities. The company's fiscal year ends on December 31 . On December 27,

Granny Corporation bays and sells debt securities which it classifies as available-for-sale securities. The company's fiscal year ends on December 31 . On December 27, 2022, Granny purchased Tomorrow Communications bonds at par for $520,000. At December 31, the bonds had a fair value of $542,000, On January 3. 2023, the bonds were sold for $560,000. The impact on 2023 net income as a result of this investnent would jese: 1518,000 increase $22,000 increase 50 540,000 increase

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