Question: On its December 3 1 , 2 0 2 1 , balance sheet, Pharoah Co . reported its investment in trading securities , which had

On its December 31,2021, balance sheet, Pharoah Co. reported its investment in trading securities, which had cost $502200, at fair value of $476800. At December 31,2022, the fair value of the securities was $494900. What should Pharoah report on its 2022 income statement as a result of the increase in fair value of the investments in 2022?

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