Boulter, Inc. began business on January 1, 20X8. At the end…

Boulter, Inc. began business on January 1, 20X8. At the end of December 20X8, Boulter had the following investments in debt securities: Trading Available for Sale Cost $60,000 $110,000 Fair value $54,000 $107,500 All declines are considered to be temporary. How much loss will be reported by Boulter, Inc. in the December 31, 20X8, income statement relative to the portfolio?