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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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