Dicker Furriers purchased 1,600 shares of Loose Corporation stock on January 10, 2015, for $350 per share and classified the investment as securities available for sale. Loose's market value was $200 per share on December 31, 2015, and the decline in value was viewed as temporary. As of December 31, 2016, Dicker still owned the Loose stock whose market value had declined to $120 per share. The decline is due to a reason that's judged to be other than temporary. Dicker's December 31, 2016, balance sheet and the 2016 income statement would show the following: Investment in Loose Stock Income statement loss on investments

a. 192,000 368,000

b. 192,000 128,000

c. 320,000 0

d. 560,000 368,000

Option d

Option a

Option c

Option b