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 December 1, 2020, Gamma's entry would be Gain or Loss on Derivatives....... Derivatives-Financial Assets. 4,800 4.800 2.000 O Gain or Loss on Derivatives. Derivatives-Financial Assets.. 2.000 No entry required. Gain or Loss on Derivatives, Derivatives Financial Assets. 4.300 4.300