Griffin buys and sells securities and typically classifies them as available for sale. On December 15, Griffin purchased $700,000 of Baker Corporation shares and elected the fair value option to account for the investment . As of December 31, the shares in Baker Corporation had a fair value of $625,000 . In its December 31 financial statements , Griffin will report pretax Select one : O a Other expenses and losses of $75,000 in its income statement O b. Accumulated other comprehensive loss of $625,000 O . An investment in Baker Corporation of $700,000 dOther comprehensive loss of $ 75,000