On April 1, 2020, Gamma Corp. purchases a call option for $500, which gives Gamma the right to buy 1,000 shares of Delta Inc. for $30 each until December 1, 2020. Delta Inc. shares are currently trading for $30. At June 30, 2020, the options are trading at $4,800 and the shares at $32 each. At December 1, 2020, the options expire with no value. At June 30, 2020, Gamma's quarter end, the adjusting entry would be Derivatives-Financial Assets Other Comprehensive Income........... O No entry required. Derivatives-Financial Assets... Gain or Loss on Derivatives 4,300 4,300 4,800 4,800 Derivatives-Financial Assets.. 4,300 Gain or Loss on Derivatives 4,300