23. Nichols Enterprises has an Investment in 34,000 shares of Ellit Electronics that Nichols accounts for as a security available for sale. Ellott shares are publidy traded on the New York Stock Exchange, and The Wall Street quotes a for those shares of $12 a share, but Nichols belleves the market has not appreciated the full velue of the Eillottshares and that a mor carry the Elliott Investment on its balance sheet at e accurate price is $19 a share. Nichols should O Ether $408,000 or $646,000, as either are defensible valuations. O $527000, the midpoint of Nichols's range of reasonably likety valuations of ElWott. O $646.000 O $408,000 MacBook Air esc FI F3 F4 FS 2 4