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Pat Ernst is the controller of Cullumber, Inc. At December 31, the end of its first year of
operations, the company's investments in trading debt securities cost $76 , 400 and have a fair
value of $70 , 500 . Indicate how Pat would report these data in the financial statements prepared
on December 31. (Enter negative amounts using either a negative sign preceding the number e.g.
45 or parentheses e.g. (45).) $ $

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