Fair value Running Co. had an equity investment where it owned less than 20% of an investee, and therefore Running Co. was not able to exercise significant influence. Information about the investment is below: Investment cost 20X1 170,000 20X2 170,000 181,400 11,400 155,000 (15,000) Total unrealized gain (loss) The company sold the investment during 20X3 for the below price: Sales price 151,600 What is the gain (loss) recorded in the income statement in the year of sale, in 20X3? Multiple Choice (3,400) Loss (18,400) Loss (29,800) Loss 11,400 Gain