can someone help out with question 3?

"available for sale." Accordingly, Smith accounted for the investment as. follows: A) A realized loss of $30,000, reported in the income statement. B) An unrealized holding loss of $30,000, reported in the income statement. C) An unrealized holding loss of $15,000 (1/2 of the year), reported as an element of stockhoiders' equity in the balance sheet. D) No loss on the decrease in market value. E) None of the above. 3. On July 1, 2023, BBB Corporation acquired land with an abandoned warehouse on it by (1) paying $100,000 in cash and (2) issuing 20,000 shares of its preferred capital stock to the seller. The preferred stock had a par value of $6 per share and a fair value of $4 per share. B88 also paid legal fees and commissions related to the transaction of $30,000. In July, BBB had the warehouse torn down at a cost of $10,000. Also in July, BBB received an offer for the property from a housing developer for $240,000. The market value of the property at the date of purchase was $290,000. BBB's ultimate cost basis for the property would be: A) $220.000 B) $240,000 C) $260,000 D) $290.000 E) None of the above 4. On January 2, 2023, 1ason intersatorial inc purchased 25:4 of Jeremy Corp's voting common stock for 5250,000 . On December 31, 2023. Jeremy. pald al its stareholders $40,000n caun didends. Asso on December 31