At December 31 2017 the Trading Securities for Saddle Inc

At December 31 2017 the trading securities for Saddle Inc. are as follows: $$\begin{array} { c c c } \underline{\text { Security }} & \underline{ \text { Cost } }& \underline{ \text { Fair Value 12/31/17 }} \\\text { A } & \$ 90,000 & \$ 94,000 \\\text { B } & 150,000 & 141,000 \\\text { C } & 32,000 & 30,000\end{array}$$ Saddle should report the following amount related to the securities in its 2017 income statement:

A) $4000 gain
B) $7000 realized loss.
C) $7000 unrealized loss.
D) $11000 unrealized loss.

Correct Answer:

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