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On its December 3 1 , 2 0 2 0 , balance sheet, Trump Company reported its investment in equity securities , which had cost

On its December 31,2020, balance sheet, Trump Company reported its investment in equity securities, which had cost $600,000, at fair value of $560,000. At December 31,2021, the fair value of the securities was $585,000. What should Trump report on its 2021 income statement as a result of the increase in fair value of the investments in 2021?
a. $0.
b. Unrealized loss of $15,000.
c. Realized gain of $25,000.
d. Unrealized gain of $25,000.

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