In $2020,$ Osgood Corporation purchased $$4$ million worth of $10-$year municipal bonds at face value. On December $31,2022,$ the bonds had a fair value of $$3,600,000,$ and Osgood reclassified the bonds from held$-$to$-$maturity to trading securities$.$ Osgood's December $31,2022,$ balance sheet and the $2022$ income statement would show which of the following?

Investment in Bonds $($TS$)$

Income Statement Loss on Investments

$$3,600,000$

$$3,600,000$

$$4,000,000$

$$4,000,000$

$\backslash$table$[[$$$,0],[$$$,400,000],[$$$,400,000],[$$$,0]]$