L & J purchased common shares of Company A and B for $10,000 and $9,000, respectively on 12/15.L & J intends to sell these securities within 30 days.At 12/31, Investments in Company A & B had a fair value of $9,000 and $15,000, respectively. L & J does not have significant influence over the investees. Assuming an existing $1,100 credit balance in Fair Value Adjustment - Equity Investments, what is the unrealized gain or loss for these securities and how is it reported?

Unrealized Gain of $1,100, reported as part of Net Income

Unrealized Gain of $6,100, reported as part of Net Income

Unrealized Gain of $1,100, reported as part of Other Comprehensive Income

Unrealized Gain of $6,100, reported as part of Other Comprehensive Income