23. On March 1, Year 3, Shore Co. purchased trading securities that cost $17,500. At the end of Year 3, the securities had a fair value of $16,500. At the end of Year 4, the securities' fair value increased to $19,000. What is the impact of the trading securities on Shore's Year 4 income statement?

A.

No gain or loss is reported since the securities were not sold.

B.

Unrealized gain of $1,500.

C.

Unrealized gain of $2,500.

D.

Recovery of an unrealized loss of $1,000 and realized gain of $2,500