Refer to the information in Exercise 12-7. Assume that one of the securities was solely responsible for the \(\$ 600\) unrealized loss and was responsible for \(\$ 150\) of the dividend income. If Shackley bought that security for \(\$ 3,500\), what is the value of the security on the year-end statement of financial position?

a. \(\$ 3,500\)

b. \(\$ 3,050\)

c. \(\$ 3,650\)

d. \(\$ 2,900\)