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S&L purchased Coca-Cola common shares for $745,000 and sold the shares on January 3, 2017, for $748,500. At December 31, the shares had a fair value of $742,500, and S&L has the intent and ability to hold the investment until fair value recovers. What pretax amounts did S&L include in its 2016 and 2017 earnings as a result of this investment? 2016 Loss 2017 Gain *Red text indicates no response was expected in a cell or a formula-based calculation is Pretax amount $ 2,500 $ 6,000 incorrect; no points deducted

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