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Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $58 per bond and classified the investment as securities available for sale. The value of

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Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $58 per bond and classified the investment as securities available for sale. The value of the Diamond investment was $88 per bond on December 31, 2016, and $90 on December 31, 2017. During 2018, Hawk sold all of its Diamond investment at $144 per bond In its 2018 income statement, Hawk would report Multiple Choice A gain of $860,000. A gain of $540,000. A gain of $1180,000. A loss of $320.000

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