On April 15, 2023, Flitter Inc. purchased 34,500 shares of Hobby, Inc. for $22 per share. During the year Flitter Inc. sold 4,500 shares of Hobby, Inc. for $25 per share. The company stared operations on January 1, 2023. At December 31, 2023 the market price of Hobby, Inc.s stock was $19 per share. What is the total amount of unrealized gain/(loss) that Flitter Inc. will report through its income statement for the year ended December 31, 2023 related to its investment in Hobby, Inc. stock?

Question 7 options:

a)

($76,500)

b)	($103,500)

c)

$13,500

d)

($90,000)