Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $66 per bond and classified the investment as securities available for sale. The value of the Diamond investment was $71 per bond on December 31, 2016, and $106 on December 31, 2017. During 2018, Hawk sold all of its Diamond investment at $150 per bond. In its 2018 income statement, Hawk would report Multiple Choice A loss of $400,000. A gain of $1,240,000. A gain of $440,000. A gain of $840,000