Gamma Corporation buys and sells debt securities which it classifies as available-for-sale securities. The company's...
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Gamma Corporation buys and sells debt securities which it classifies as available-for-sale securities. The company's fiscal year ends on December 31. On December 27, 2021. Gamma purchased Eastern Communications bonds at par for $781.000. At December 31. the bonds had a fair value of 802.000. On January 3, 2022, the bonds were sold for $812,000. The amount included in 2022 net income as a result of this investment would be: (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole number; use minus sign if the amount is negative) 10000
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