Dim Corporation purchased 1,000 bonds of Witt Corporation in 2018 for $810 per bond and classified the investment as securities available-for-sale. The value of these holdings was $259 per bond on December 31, 2019, and $426 per bond on December 31, 2020. During 2021, Dim sold all of its Witt bonds at $440 per bond. In its 2021 income statement, Dim would report:

Multiple Choice

• a) A loss on the sale of investments of $370,000.

• b)A recognition of unrealized holding losses of $259,000.

• c)A realized gain of $14,000.

• d) A trading gain of $14,000 and an unrealized holding loss of $440,000.