On January 16 Year 1, Wishbone Corporation purchased 2,000 shares of Clarke Corporation common stock as available for sale. On March 23 of Year 1, Wishbone sold 500 shares of Clarke common stock for 78 per share. On December 31 of Year 1 each of the remaining 1500 shares of Clarkes common stock had a market value of 65 per share. For Year 1, Wishbone Corporation reported net income of $ 200,000. What would Wishbones Year 1 net income have been if the investment in Clarke Company stock had originally been classified as trading. (Before year 1, Wishbone Corporation has never had investment in either trading or available for sale securities. Also ignore income taxes)

A. 244,500

B. 183,500

C. 243,500

D. 228,500

E. 222,500