3. Treadmill Co. holds 1,000 shares of Bike Co., an unlisted entity, as investment in equity securities. The investment was purchased years ago. The following information relates to this investment as of the end of the current reporting period. Cost per share Transaction cost per share (historical) Quoted price N/A Recent market transaction price per share Transaction cost per share (current) 13.00 P1.00 P2.00 P0.50 Treadmill Co. would report the investment in its current year financial statements at a. 1,500 b. 2,000. b. 3,000. C. 4,000