17) At December 31, 2021, ABC Company has an equity portfolio valued at $160,000. Its cost was $132,000. If the Securities Fair Value Adjustment has a debit balance of $8,000, which of the following journal entries is required at December 31, 2021? A) Unrealized Holding Gain or Loss-Income28,000 Fair Value Adjustment 28,000 B) Fair Value Adjustment 28,000 Unrealized Holding Gain or Loss-Income 28,000 C) Fair Value Adjustment 20,000 Unrealized Holding Gain or Loss-Income 20,000 D) Unrealized Holding Gain or Loss-Income20,000 Fair Value Adjustment 20,000 18) ABC Company's equity securities portfolio which is appropriately included in current assets is as follows: December 31, 2021 Fair Unrealized Cost Value Gain (Loss) $260,000 $215,000 $(45,000) 245,000 265,000 20,000 $505,000 $480,000 $(25,000) Catlett Corp. Lyman, Inc. Ignoring income taxes, what amount should be reported as a charge against income in ABC's 2021 income statement if 2021 is ABC's first year of operation? A) $0 B) $45,000 loss C) $25,000 loss D) $20,000 gain 19) During 2020, ABC Company purchased 80,000 shares of XYZ Corporation common stock for $1,260,000 as an equity investment. The fair value of these shares was $1,200,000 at December 31, 2020. ABC sold all of the XYZ stock for $17 per share on December 3, 2021, incurring $56,000 in brokerage commissions. ABC Company should report a realized gain on the sale of stock in 2021 of A) $100,000. B) $44,000. C) $160,000. D) $104,000