Ewok Enterprises recently elected the fair value option to account for its investment in Yoda Inc. Ewok purchased the shares for $ 207,000 and the shares are currently trading for $195,000 at yearend. What is the amount of gain or loss reported at yearend for this investment and where is this gain or loss reported?

A. Unrealized Loss of $12,000, reported as part of Net Income.

B. Unrealized Loss of $12,000, reported as part of Other Comprehensive Income.

C. Unrealized Gain of $12,000, reported as part of Net Income.

D. Unrealized Gain of $12,000, reported as part of Other Comprehensive Income.