Founded on January 1, 20X1, Gehl Company had the following passive investments in equity securities at the end of 20X1 and 20X2:

Equity Security A B Cost $ 96,000 184,000 126,000 12/31/X2 Fair Value $ 94,000 162,000 136,000 Required: If the company recorded a $4,000 debit to its Fair value adjustment account as its 20x2 fair value adjustment, what must have been the unrealized gain or loss reported at the end of 20X1? Unrealized gain or loss at 12/31/X1