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During 2018 Pharoah Company purchased 10400 shares of Midi, Inc. for $34 per share. During the year Pharoah Company sold 2700 shares of Midi, Inc.

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During 2018 Pharoah Company purchased 10400 shares of Midi, Inc. for $34 per share. During the year Pharoah Company sold 2700 shares of Midi, Inc. for $39 per share. At December 31, 2018 the market price of Midi, Inc.stock was $32 per share. What is the total amount of any loss) that Pharoah Company will report in its income statement for the year ended December 31, 2018 related to its investment in Midl, Inc. stock? $-7300 O O $-1900 O $13500 $-20800

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