On January 1, 2016, a company's balance sheet reports its investments in debt securities as follows:

Assets Investment in trading securities$165,000Investment in AFS securities95,000Investment in HTM securities217,922Equity Accumulated other comprehensive income: Unrealized gains (losses) on AFS securities$ 4,500

Additional information:

a. The HTM securities are $210,000 face value securities purchased on January 1, 2014, at a yield of 4%. The securities have a 4-year total life and pay interest annually on December 31, at a coupon rate of 6%.

b. The trading securities on hand on January 1 were sold in 2016 for $185,000.

c. More trading securities were purchased for $105,000. They are still on hand at December 31, 2016, and have a fair value of $120,000.

d. AFS securities, originally purchased for $27,000 with a carrying value of $24,000 as of January 1, 2016, were sold for $32,000.

e. AFS securities on hand at December 31, 2016, have a fair value of $85,000

The gain on AFS securities reported on the 2016 income statement is

$ 5,000

$ 9,500

$ 8,000

$4,500