On January 1, 2014, Heitzman Company Purchased the Following Shares

Essay

On January 1, 2014, Heitzman Company purchased the following shares of stock as a long-term investment in available-for-sale securities: $\begin{array}{llll}\text { Corporation } &\text { Shares }&\text { Percent Outstanding } &\text {Cost per Share }\\\hline\text { Maars } & 10,000 \text { common (no par) } & 5 \% & \$ 25 \\\text { Nassif } & 2,000 \text { preferred (par \$10) } & 2 \% & \$ 50\end{array}$

$\text { The fair value of the stocks subsequently were as follows: }$

$\begin{array}{lrr}&\text { Dec. 31. } 2014&\text { Dec. 31. } 2015\\\text { Maars Corporation common stock } & \$ 24.00 & \$ 27.50 \\\text { Nassif Corporation preferred stock } & 51.00 & 50.50\end{array}$ Required:
Calculate the "Net unrealized gains/losses," at both December 31, 2014 and December 31, 2015.