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In 2 0 2 4 , Ivanhoe Company purchased 7 0 0 0 0 shares of Concord Corporation common stock for $ 1 1 6

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In 2024, Ivanhoe Company purchased 70000 shares of Concord Corporation common stock for $1160000 as an equity investment. The fair value of these shares was $1110000 at December 31,2024. Ivanhoe sold all of the Concord stock for $18 per share on December 3,2025, incurring $46000 in brokerage commissions. Ivanhoe Company should report a realized gain on the sale of stock in 2025 of
$104000.
$150000.
$100000.
$54000.
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