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During 2020, Wildhorse Company purchased 77000 shares of Ayayai Corporation common stock for $1230000 as an equity investment. The fair value of these shares
During 2020, Wildhorse Company purchased 77000 shares of Ayayai Corporation common stock for $1230000 as an equity investment. The fair value of these shares was $1173000 at December 31, 2020. Wildhorse sold all of the Ayayai stock for $17 per share on December 3, 2021, incurring $53000 in brokerage commissions. Wildhorse Company should report a realized gain on the sale of stock in 2021 of O $136000. $83000. O $26000. O $79000.
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