A company buys an equity investment for $100 in 2024. The investment has no significant influence. At the end of 2024, the company still holds the investment and it has a market value of $105. In 2025, the company sells the investment for $115. How is this information reported in the companys 2024 and 2025 income statements?

Select one:

a. Does not appear on the 2024 income statement; $10 gain on the 2025 income statement.

b. Does not appear on the 2024 income statement; $15 gain on the 2025 income statement.

c. $15 gain on the 2024 income statement; does not appear on the 2025 income statement.

d. $5 gain on the 2024 income statement; $10 gain on the 2025 income statement.