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During 2021 Shark Company purchased 8,000 shares of Fish, Inc. for $10 per share. During the year Shark Company sold 2,000 shares of Fish, Inc.
During 2021 Shark Company purchased 8,000 shares of Fish, Inc. for $10 per share. During the year Shark Company sold 2,000 shares of Fish, Inc. for $23 per share. At December 31, 2021 the market price of Fish, Inc.'s stock was $25 per share. What is the total amount of gain/(loss) that Shark Company will report in its income statement for the year ended December 31, 2021 related to its investment in Fish, Inc. stock?
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