During year 4, Wall Co. purchased 2,000 shares of Hemp Corp. Common stock for $31,500 as a short-term investment. The investment was appropriately classified as a trading security. The market value of this investment was $29.500 at December 31, year 4. Wall sold all of the Hemp common stock for $14 per share on January 15, year 5, incurring $1,400 in brokerage commissions and taxes. On the sale, Wall should report a realized loss of