On January 5, 2019, Prince Company acquired in cash 3,000 shares of ABC Inc., to keep as short-term marketable securities, at a price of $8.7 per share. To acquire these shares, Prince Company paid additional $900 for commission fees. On April 9, 2019, Prince Company sold 2,000 of these shares for $9.2 per share. Prince Company also paid $250 commission fees for this sale. The sale of marketable securities will result in

a.Gain on sale of investment for $650

b.Gain on sale of investment for $400

c.Loss on sale of investment for $150

d.Gain on sale of investment for $150

.At the end of the first year of operations, the total cost of the marketable securities that ABC Company holds is $146,000. During the second year, half of these securities are sold for $86,500 cash. Which of the following is true regarding the sale of the marketable securities in the second year?

a.The unrealized holding gain on investment is $13,500.

b.The loss on sale of investment is $13,500

c.The gain on sale of investment is $86,500

d.The gain on sale of investment is $13,500