Cash D) Prepaid Rent 55,400 55.100 Cash 24) Rhoads purchased common shares of Company A and B for $10,000 and $9,000, respectively on these securities within 30 days. At 12/31, Investments in Company A & B had a fair value of $9,000 and $17,0oo, respectively. Assuming this is the first trading investment for Rhoads, what is the unrealized gain or loss for these securities and how is it reported? A) Unrealized Loss of $7,000, Unrealized Gain of3,000, both reported 12/15. Rhoads intends to sell as part of Net Income. B) Unrealized Gain of $7,000, reported as part of Other Comprehensive Income Unrealized Loss of $7,000, Unrealized Gain of $3,000, both reported as part of Other Comprehensive Income D) Unrealized Gain of $7,000, reported as part of Net Incom 25) The following information applies to the operations of MK Inc. for 2015 and 2016,Assume a tax rate of 40% for both years. 2015 information: Sales on account in the amount of $645,000 Warranty expense and associated liability in the amount of $125,000 No other expenses incurred