FF Company purchased 1,000 shares of SSS common stock ($50 par) at $80 per share as a short-term investment. The shares were subsequently sold at $78 per share. The cost of the securities purchased and gain or loss on the sale were Cost $50,000, Gain $2,000 Cost $50,000, Loss $2,000 Cost $80,000, Gain $2,000 Cost $80,000, Loss $2,000