On February 15, Jewel Company buys 8,000 shares of Marcelo Corporation at $28.63 per share. The purchase is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corporation declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 30 and ultimately sells half of the Marcelo Corporation stock on November 17 of the current year for $29.41 per share. The fair value of the remaining shares is $29.61 per share at year-end. The amount that Jewel Company should report in the current-year income statement from its investment in Marcelo Corporation is: Multiple Choice O Realized Gain-Income; $3,920. Unrealized Gain-Income, $11,820. Unrealized Loss-Equity, $3,920. Unrealized Gain-Income; $3,920 Unrealized Loss-Income; $3,920 Jy

On February 15, Jewel Compary buys 8,000 shares of Marcelo Corporation at $28.63 per share. The purchase is classified as a stock investment with insign ficant influence. This is the company's first and only stock investment On March 15 , Marcelo Corporabion declares a dividend of sti5 per share payable to stockthelders at record on Apri 15 . Jewel Company received the dividend on April 30 and ultimately sells half of the Marcelo Corporation stock on November 17 of the curtent year for $2941 per share. The fair value of the remaining shares is $2961 per share at yearend The amount that Jewel Company should report in the cutrent-year income statement from its investment in Marcelo Corporation is: Muluple Choice Peelzed Goin-income; $3,920 Uorealzed Gain-Inceme: 51u820. Unrealied Loss-Equity, \$3,920 Uncealued Gain-Income, \$1920 Unrealited toss-incoens, 5,9201