Deutsch Imports has three securities in its available- for- sale investment portfolio. Information about these securities is as follows:

TRR was sold in year 2 for $ 127,400.
Which of the following statements is correct?
i. O n its 12/ 31/ year 2 balance sheet, Deutsch should report the NCB stock at its fair value of $ 100,000.
ii. O n its 12/ 31/ year 2 balance sheet, Deutsch should report an unrealized holding gain on the NCB stock of $ 22,000 in stockholders€™ equity.
iii. O n its income statement for the year ending December 31, year 2, Deutsch should report an unrealized holding gain on the NCB stock of $ 22,000.
a. I only is correct.
b. I and II only are correct.
c. I and II only are correct.
d. None of the listed answers is correct.

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Market Value Security NCB TRR Enson Cost $78,000 $117000 S58,500 12/31/Yea 1 12/31/Year 2 s 93,600 $120,000 53,300 $100,000 50,700