On December 20, 2020, a company pays $40,000 for an investment in equity securities with no significant influence. On December 31, 2020, the company's year-end, the stock has a market value of $37,000. The company sells the stock in 2021 for $44,000. On its income statement, the company reports:

A. A loss of $3,000 in 2020, and a gain of $7,000 in 2021

B. No gain or loss in 2020, and a gain of $4,000 in 2021

C. A gain of $4,000 in 2020, and no gain or loss in 2021

D. No gain or loss in 2020, and a gain of $7,000 in 2021