Weevil Company purchased a bond on December 1 of the current…

Questions

Weevil Cоmpаny purchаsed а bоnd оn December 1 of the current year for $57,700 and classified the investment as trading. The market value of the investment at year-end is $61,300. What value will be reported in Net income for the adjustment? In order for your answer to be graded correctly, do NOT use a $. DO use commas, when needed.

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