HW 10-25: Sam buys and sells equity securities. On December 15, 2021, Sam purchased $500,000 of Jenny shares and elected the fair value option to account for the Jenny investment. As of December 31, 2021, the Jenny shares had a fair value of $450,000. In the 2021 financial statements, Sam will report (ignore taxes):

	a.	No gain or loss until investment is sold.
	b.	Other comprehensive loss of $505,000.
	c.	An investment in Jones of $500,000.
	d.	Accumulated other comprehensive income of $450,000.
	e.	Investment loss of $50,000 in its income statement.