Question: In 20X3, Brazell Industries invested $45,000 in debt securities and classified the investment as available-for-sale. The market value of the investment was $46,000 and $48,000 on December 31, 20X3 and 20X4 respectively. On January 1, 20X5, Brazell sold the investment for $47,500. The journal entry to record the sale will include: A realized loss of $500 A realized gain of $2,500 An increase of cash of $45,000 A reduction of the investment account of $47,500