Question: on its december 3 1 , 2 0 2 1 , balance sheet, sheridan co . reported its investment in trading securities , which had

on its december 31,2021, balance sheet, sheridan co. reported its investment in trading securities, which had cost of 502800 at fair value of 477400. At December 31,2022 the fair value of the securities was 493300. What should sheridan report on its 2022 income statement as a result of the increase in fair value of the investments in 2022

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