On January 10, year 1, Wayne, Inc., purchased 5,000 shares of Jason Corporations common stock at $60 per share. The purchase is a long-term investment and is less than 20% of Jasons outstanding shares. This investment is appropriately reflected in Waynes balance sheet in an available-for-sale securities portfolio at December 31, year 1. The market value of Waynes investment in Jasons common stock was as follows:

	Market Value
Date	Per share	Total
December 15, year 1	$47	$235,000
December 31, year 1	$46	$230,000

On December 15, year 1, Wayne determined that there had been a temporary decline in the market value. What amount should Wayne record as a loss in its income statement for the year ended December 31, year 1?

• $70,000

• $0

• $5,000

• $65,000