Kramer Company\'s trading securities portfolio which is appropriately included in current assets is as follows: $260,000 $205,000 $(55,000) 245,000 265,000 20,000 $505,000 $470,000 $(35,000) Ignoring income taxes, what amount should be reported as a charge against income in Kramer\'s 2014 income statement if 2014 is Kramer\'s first year of operation?December 31, 2014CostFair ValueUnrealized Gain (Loss)Catlett Corp. $260,000 $205,000 $(55,000)Lyman, Inc. 245,000 265,000 20,000 $505,000 $470,000 $(35,000) Solution $ 35000 (loss) should be reported as a chare against income in karmer\'s income statement..