Question - At the beginning of Year 1, Scotto Company purchased a portfolio of available-for-sale securities for $27. None of the available-for-sale securities were sold during the year. At the end of Year 1, the available-for-sale portfolio had a value of $34. Also at the beginning of Year 1, Scotto Company purchased a portfolio of trading securities for $13. None of the trading securities were sold during the year. At the end of Year 1, the trading portfolio had a value of $9. For Year 1, Scotto's net income (before including any gains or losses from investment securities) was $232. After including any necessary gains or losses from investment securities, what is Scotto's correct net income for Year 1? Note: Ignore any income tax impact.