119. On December 31, 2014, Patel Company purchased equity securities as trading

securities. Pertinent data are as follows:

Fair Value

Security Cost At 12/31/15

A $132,000 $117,000

B 168,000 186,000

C 288,000 263,000

On December 31, 2015, Patel transferred its investment in security C from trading to

available-for-sale because Patel intends to retain security C as a long-term investment.

What total amount of gain or loss on its securities should be included in Patel's income

statement for the year ended December 31, 2015?

a. $3,000 gain.

b. $17,000 loss.

c. $20,000 loss.

d. $35,000 loss.

I think answer should be 22000=-15000+18000-25000 but it is not in answer choices please explain thanks