#$4$

As of $1/1/21$ Super Bowl Corp. owned $10,000$ shares of Burrow Company's common stock, classified as

fair value. The shares were purchased for $$50$ per share plus a total $$10,000$ commission during $2020.$

As of $\frac{1}{1}\frac{?}{21},$ the fair value adjustment account associated with these shares had a debit balance of

$$13,000.$

During $2021$ Super Bowl Corp. had the following fair$-$value equity transactions $($all ownership remained

less than $20\%$ :

On February $14,$ sold $4,000$ shares of Burrow Company's common stock at a market price of $$64$ per

share less brokerage commissions, taxes, and fees of $$5,000.$

On October $15,$ purchased $2,000$ shares of Stafford Company's common stock at $$41$ per share plus

a total commission of $$3,000.$

As of $\frac{12}{31}\frac{?}{21},$ the fair value of the remaining shares were as follows:

Burrow Company: $$49$ per share

Stafford Company: $$52$ per share

Which of the following will Super Bowl Corp. record on $12/31/21$ associated with these shares?

Unrealized gain of $$20,000$

Unrealized loss of $$20,000$

Unrealized gain of $$7,000$

Unrealized loss of $$7,000$

Unrealized gain of $$6,000$

Unrealized loss of $$6,000$