During 2015, Markham Company purchased 40,000 shares of Watson Corporation common stock for $630,000 as an available-for-sale investment. On December 31, 2015, the fair value of these shares was $600,000. Markham sold the Watson stock for $17 per share on December 3, 2016, incurring $28,000 in brokerage commissions. What should Markham Company have reported as a realized gain on the 2016 sale of stock? $22,000 $50,000 $52,000 $80,000