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During 2017, Crane Company purchased 79000 shares of HolmesCorporation common stock for $1250000 as an equity investment. Thefair value of these shares was $1191000 at

During 2017, Crane Company purchased 79000 shares of HolmesCorporation common stock for $1250000 as an equity investment. Thefair value of these shares was $1191000 at December 31, 2017. Cranesold all of the Holmes stock for $17 per share on December 3, 2018,incurring $55000 in brokerage commissions. Crane Company shouldreport a realized gain on the sale of stock in 2018 of

1.$97000.

2.$152000.

3.$93000.

4.$38000.

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