44. On December 31, 2010, Patel Co. purchased equity securities as FVTPL securities. Pertinent data are as follows:

Original Fair Value

Security Cost At 12/31/11

A 132,000 117,000

On December 31, 2011 Patel transferred its investment in security C from FVTPL to FVTOCI because Patel intends to retain security C as a long-term investment. What total amount of gain or loss on its securities should be included in Patel's income statement for the year ended December 31, 2011?

A. 3,000 gain.

B. 27,000 loss.

C. 30,000 loss.

D. 45,000 loss.

B 168,000 186,000

C 288,000 258,000