Ajax Lmt. began business in February of 2021. During the year, Ajax purchased the three equity securities listed below. On its December 31, 2021, balance sheet, Ajax appropriately reported a $4,000 debit balance in its Fair Value Adjustment--Equity Securities account. There was no change during 2022 in the composition of Ajax's portfolio of equity securities. On December 31, 2022 the Equity security portfolio contained: Security A cost $120,000 and market value $126,000, Security B cost $90,000 and market value $80,000, and Security C cost $160,000 and market value $157,000. What amount of loss on these securities should be included in Ajax's income statement for the year ended December 31, 2022, assuming the total ownership in the companies issuing these securities is less than 20 percent? $3,000 $7,000 $11,000 $0