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S&L Financial buys and sells securities expecting to earn profits on short-term differences in price....

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Accounting

S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. Assume that on December 27,
2024, S&L purchased Coca-Cola bonds at par for $965,000 and sold the bonds on January 3,2025, for $968,500. At December 31,
the bonds had a fair value of $960,000.
What pretax amounts did S&L include in its 2024 and 2025 net income as a result of this investment (ignoring interest)?
Note: Enter all amounts as positive values.
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