18) ABC Company's equity securities portfolio which is appropriately included in current assets is as follows: Catlett Corp. Lyman, Inc. 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) 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) SO 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. 20) On January 2, 2021 Black Company purchased 25% of the outstanding common stock of White, Inc. and subsequently used the equity method to account for the investment. During 2021 White, Inc. reported net income of $1,260,000 and distributed dividends of 5540,000. The ending balance in the Investment in Black Company account at December 31, 2021 was $960,000 after applying the equity method during 2021. What was the purchase price Black Company paid for its investment in White, Ine? A) $510,000 B) $1,140,000 C) $780,000 D) $1,410,000