Jeremiah Corporation purchased debt securities during 2024 and classified them as securities available-for-sale:
SecurityCostFair value 12/31/2024A$ 44,500$ 49,900B82,00075,000C28,60043,500
All declines are considered to be temporary. How much gain will be reported by Jeremiah Corporation in the December 31, 2024, income statement relative to the portfolio?
Multiple Choice
$0
$13,300
$20,300
None of these answer choices are correct.