36. On January 1, 2017, Blanton Company's Valuation Allowance for Trading Investments! account has a...
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36. On January 1, 2017, Blanton Company's Valuation Allowance for Trading Investments! account has a debit balance of $22,500. On December 31, 2017, the cost of the trading securities portfolio was $80,000. The fair value was $98,000. Which of the following would Blanton report on the income statement for 2017? a. an Unrealized Loss on Trading Investments of $4,500. b. an Unrealized Gain on Trading Investments of $4.500. c. an Unrealized Gain on Trading Investments of S18,000. d. an Unrealized Loss on Trading Investments of $18.000
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