Can someone help with questions 2 and 3?

2. Smith Co. purchased 10-year bonds on July 1, 2022, at their face amount of $120,000. By December 31,2022 , the market value of the bonds had decreased to 590,000 . Smith's management intends to hold the bonds "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 haiding loss of $15,000 (11/2 of the year), reported as an element of stockholders' equity in the balance sheet. D) No loss on the decrease in market value. E) None of the above. 3. On July 1,2023, 8e8 Corporason acquired land with an abandoned warehouse on it by (1) paying 5100,000 in cash and (2) issuing 20,000 shares of its preferred capital stock to the selier. The preferred stock had a par value of 58 per share and a fair value of 34 pershare. B8B also paid legal fees and commiskions related lo the transaction of $30,000. In July, BBB had the Warehouse tom down at a cost of 510.000. Also in fuly, Be8 teceived an offer for the property trom a housing developer for $240.000. The markat value of the propery at the date of purchase wat $260,000 B8B's ultmate coss basis for the progenty would be: A) $220,000 B) 5240,000 c) $260,000 D) 3290,000 El Nonte of the above