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Item2 ItemSkipped Item 2 Beresford Incorporated purchased several investments in debt securities during 2023,...

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Accounting

Item2

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Beresford Incorporated purchased several investments in debt securities during 2023, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent.

Held-to-Maturity Securities: Fair Value 12/31/2023 Fair Value 12/31/2024 Amortized Cost 12/31/2023 Amortized Cost 12/31/2024
ABC Company Bonds $ 379,000 $ 404,000 $ 371,500 $ 364,000
Trading Securities: Fair Value 12/31/2023 Fair Value 12/31/2024 Cost
DEF Company Bonds $ 52,000 $ 63,500 $ 66,000
GEH Incorporated Bonds $ 51,000 $ 74,000 $ 43,000
IJK Incorporated Bonds $ 48,000 $ 42,500 $ 36,900
Available-for-Sale Securities: Fair Value 12/31/2023 Fair Value 12/31/2024 Cost
LMN Company Bonds $ 136,900 $ 151,800 $ 144,000

What total unrealized holding gain would Beresford report in its 2024 income statement relative to its investments in bonds?

Multiple Choice

$61,900

$43,900

$43,900

$29,000

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