On its December 31, 2021 balance sheet, Calhoun Company appropriately reported a $20,000creditbalance in its Fair Value Adjustment (available-for-sale) account. There was no change during 2022 in the composition of Calhoun's portfolio of equity investments. The following information pertains to that portfolio:

SecurityCostFair value at 12/31/22

X$160,000$125,000

Y90,000100,000

Z125,000175,000

$375,000$400,000

What is the Unrealized Gain or Loss to be reported on the 2022 Comprehensive Income Statement?

Select one:

a.$35,000

b.$25,000

c.$15,000

d.$10,000

e.$45,000