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Investments 27.000 CR. Cash 1,191,00 4) On November 1, 2019. Snow White Company purchased Black,...

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Investments 27.000 CR. Cash 1,191,00 4) On November 1, 2019. Snow White Company purchased Black, Inc. 10-year. 9%, bonds with a face value of $900,000. for $850.000. An additional $27.000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2026. Snow White uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Snow White 2018 income statement as a result of Snow White available-for-sale investment in Black was $14,000. $13.333. $12.000. $14,750. 5). During 2018 First Galaxie Company purchased 12.000 shares of Mauro, Inc. for $3501 per share. During the year First Galaxie sold 2.500 shares of Mauro. Inc. for $40 per share. At December 31, 2018 the market price of Mauro. Inc.'s stock was $82 per share. What is the net effect that First Galaxle will have in its income statement for the year ended December 31, 2018 related to its investment in Mauro, Inc. stock

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