Founded on January 1, 2008, Gehl Company had the following short-term investments in securities at the end of 2008 and 2009 (all were held in the “trading” portfolio):

Required:
If the company recorded a $4,000 debit to its Market adjustment— Trading securities account at the end of 2009 as its mark-to-market adjustment, what must have been the unrealized gain or loss recorded at the end of 2008?

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Equity Security Cost A $ 96,000 B C 184,000 126,000 2009 Market Value $ 94,000 162,000 136,000