During 2025, Woods Company purchased 10,000 shares of Holmes Corporation common stock for $800,000 as an equity investment. The fair value of these shares was $1,100,000 at December 31, 2025. Woods sold all the Holmes stock for $112 per share on March 3, 2026, incurring $16,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2026 of

a.

$320,000.

b.

$300,000.

c.

$304,000.

d.

$160,000.