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Question(s) / Instruction(s):

Your corporation has the following portfolio of trading securities at the end of the current year:

Investment in Apple, Inc. #50 Shares @ Cost $75 per share; Year-end Market $70 per share

Investment in Pear Co. #100 Shares @ Cost $42 per share; Year-end Market $40 per share

Investment in Orange Corp. #80 Shares @ Cost $39 per share; Year-end Market $40 per share

Also, Star sold 100 shares of Maple, Inc., acquired during the year for $25, at a gain of $1.00 a share. How much is the total effect of marketable securities on net income? 

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