During 2008, Rex Company purchased marketable equity securities as a short-term investment.
These securities are classified as available for sale. The cost and market values at December 31, 2008 follow:

Rex sold 1,000 shares of Company B stock on January 31, 2009 for $15 per share, incurring $1,500 in brokerage commission and taxes.
Required:
1. Ignoring taxes, how much should Rex report as unrealized gain or loss on its available-forsale securities at December 31, 2008 in the statement of stockholders’ equity?
2. On the sale, Rex should report a realized loss of how much?

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Security Cost Company A-100 shares Company B-1,000 shares Company C-2,000 shares $ 2,800 17,000 31,500 $51,300 Market Value $ 3,400 15,300 29,500 $48,200