Grimmett Company owns the following investments:

Trading securities (fair value) $110,000

Available-for-sale securities (fair value) $ 100,000

Held-to-maturity securities (amortized cost) $ 194,000

Grimmett will report securities in its long-term investments section of:

Select one: a. $294,000 or an amount less than $294,000, depending on the circumstances. b. exactly $210,000. c. exactly $404,000. d. $304,000 or an amount less than $304,000, depending on the circumstances.