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Novi purchased ABC bonds on 1/1/23. Data regarding these available-for-sale securities follow: Cost MV December 31, 2023 $150,000 $130,000 December 31, 2024 150,000 161,000 December

Novi purchased ABC bonds on 1/1/23. Data regarding these available-for-sale securities follow:

	Cost	MV
December 31, 2023	$150,000	$130,000
December 31, 2024	150,000	161,000
December 31, 2025	150,000	155,000

On 1/1/26, Novi sold $40,000 (cost) of the securities for $39,900. Market Value of the remaining securities at 12/31/26 was $112,000.

Proper accounting for investments and the related Adjusting Journal Entries will have what net effect on 2026 Comprehensive Income?

Select one:

a. $2,000

b. $7,100

c. $3,000

d. $3,100

e. $2,900

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