Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $53 per bond and classified the investment as securities available for sale. The value of the Diamond investment was $82 per bond on December 31, 2016, and $104 on December 31, 2017. During 2018, Hawk sold all of its Diamond investment at $147 per bond. In its 2018 income statement, Hawk would report: A loss of $510,000. A gain of $940,000. A gain of $1,450,000. A gain of $430,000