Martinez Inc. owns a bond that is accounted for using the cost$/$amortized cost model. At the reporting period end, the carrying value of

the bond is $$956000.$ Management believes that the fair market value of the bond is $$983000.$ What would the entry be for the

gain$/$loss on the bond?

a$)$ No entry required

b$)$ $$27000$ Gain

c$)$ $$27000$ Unrealized Gain

d$)$ $$27000$ Loss