During 2020, Woods Company purchased 80,000 shares of Holmes Corporation common stock for $1,260,000 as an...

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During 2020, Woods Company purchased 80,000 shares of Holmes Corporation common stock for $1,260,000 as an equity investment. The fair value of these shares was $1,200,000 at December 31, 2020. Woods sold all of the Holmes stock for $17 per share on December 3, 2021, incurring $56,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2021 of O $44,000. O $100,000. O $104,000. O $160,000. During 2020, Woods Company purchased 80,000 shares of Holmes Corporation common stock for $1,260,000 as an equity investment. The fair value of these shares was $1,200,000 at December 31, 2020. Woods sold all of the Holmes stock for $17 per share on December 3, 2021, incurring $56,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2021 of O $44,000. O $100,000. O $104,000. O $160,000.