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Gunnison Company purchased 1 0 , 0 0 0 Mesa Inc. bonds in 2 0 2 1 for $ 5 7 per bond and classified

Gunnison Company purchased 10,000 Mesa Inc. bonds in 2021 for $57 per bond and classified the investment as securities available-for-sale. The value of the Mesa Inc. investment was $86 per bond on December 31,2022, and $103 per bond on December 31,2023. During 2024, Gunnison Company sold all of its Mesa Inc. investment at $145 per bond. Calculate the gain Gunnison Company would report in its 2024 income statement.
$420,000
$880,000
$460,000
$1,340,000
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