8. On December 31, 2017, Frisco Company purchased debt securities as trading securities. Pertinent data are as follows: Fair Value Security Cost At 12/31/18 A $132,000 $119,000 B 172,000 186,000 288,000 236,000 On December 31, 2018, Frisco transferred its investment in security C from trading to available- for-sale because Frisco intends to retain security C as a long-term investment. What total amount of gain or loss on its securities should be included in Frisco's income statement for the year ended December 31, 2018? a. $1,000 gain. b. $52,000 loss. c. $52,000 gain. d. $51,000 loss