Colvis Corporation purchased an available for-sale investment in 1, 400 shares of Southwest Supplies stock for $26 per share. On the next balance sheet date, Southwest Supplies stock is quoted at $29 per share. Colvis sold the Southwest Supplies stock for $44,000 two months later. Colvis' income statement for the period of the sale should report a(n) A. loss on sale of $7, 600. B. investments of $44,000. C. unrealized gain of $4, 200. D. gain on sale of $7, 600