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During 2021 Cullumber Company purchased 10100 shares of Vaughn Inc. for $31 per share. During the year Cullumber Company sold 2550 shares of Vaughn, Inc.

During 2021 Cullumber Company purchased 10100 shares of Vaughn Inc. for $31 per share. During the year Cullumber Company sold 2550 shares of Vaughn, Inc. for $36 per share. At December 31, 2021 the market price of Vaughn, Inc.s stock was $29 per share. What is the total amount of gain/(loss) that Cullumber Company will report in its income statement for the year ended December 31, 2021 related to its investment in Vaughn, Inc. stock?

A. $-2350

B.

$12750

C.

$-20200

D.

$-7450

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