$250,000 $200,000 $(50,000) Lyman, Inc. Kramer Company"s trading securities portfolio which is appropriately included in current assets is as follows:...

$250,000 $200,000 $(50,000) Lyman, Inc. Kramer Company"s trading securities portfolio which is appropriately included in current assets is as follows: December 31, 2010 Fair Unrealized Cost Value Gain (Loss) Catlett Corp. If the Securities Fair Value Adjustment (Available-for-Sale) has a debit balance of $2,000, which of the following journal entries is required at December 31, 2011? 245,000 265,000 20,000 $495,000 $465,000 $(30,000) Ignoring income taxes, what amount should be reported as a charge against income in Kramer"s 2010 income statement if 2010 is Kramer"s first year of operation? A. $0. B. $20,000. C. $30,000. D. $50,000.