Deacon Company purchased 1,000 bonds of James Wabash Inc. in 2019 for $750 per bond and classified the investment as securities available-for-sale. The value of these holdings was $252 per bond on December 31, 2020, and $442 per bond on December 31, 2021. During 2022, Deacon Company sold all of its James Wabash Inc. bonds at $490 per bond. In its 2022 income statement, Deacon Company would report:

Group of answer choices:

recognition of unrealized holding losses of $252,000

loss on the sale of investments of $260,000

realized gain of $48,000

trading gain of $48,000 and an unrealized holding loss of $490,000