At the end of its first year, the trading securities portfolio consisted of the following common stocks.

At the end of its first year, the trading securities portfolio consisted of the following common stocks. Cost Fair Value Atrium Corporation Barnes Inc. $ 46,500 60,000 80,000 $186,500 $ 50,000 58,000 76,400 $184,400 Cantor Corporation In the following year, the Barnes common stock is sold for cash proceeds of $57,000. The gain or loss to be recognized on the sale is a gain of $1,200. loss of $1,000. loss of $2,000. loss of $3,000. Click if you would like to Show Work for this question: Open Show Work