Boomer Company (a US Corp.) purchased twenty thousand shares of Sooner Corporation stock in 2017 for $24 per share and classified the investment as trading. Sooners market value was $30 per share on December 31, 2017. During 2018, Boomer sold all its Sooner stock at $28 per share. For 2018, Sooner would report.

Group of answer choices

A realized loss of $40,000

A realized gain of $80,000

A realized gain of $120,000

An unrealized loss of $40,000