Crane Corporation has the following investment which was held throughout 2021-2022: Cost Fair Value 12/31/21 12/31/22 $1299000 $1250000 Equity investment $988000 What amount of gain or loss would Crane Corporation report in its income statement for the year ended December 31, 2022 related to its investment, If the fair value method of accounting was used? O $262000 gain $49000 gain. O $311000 gain. O $49000 loss