ContinentalContinental

Bank, a nationwide banking company, owns many types of investments.

ContinentalContinental

paid

$850,000

for equity securities on December 5.

ContinentalContinental

owns less than

15%

of the stock of the companies in which it invests. Two weeks later

ContinentalContinental

received a

$25,000

cash dividend. At December 31, these equity securities were quoted at a market price of

$857,000.

ContinentalContinental's

December income statement would include an

A.unrealized gain of

$32,000.

B.unrealized gain of

$7,000.

C.unrealized loss of

$32,000.

D.unrealized loss of

$7,000.