On June 30, 2019, AlphaCo acquired a 15% interest in BetaCo (a public company) for $10,000,000 and received no special rights. On September 30, 2019, a new investor invested at a higher price indicating that the value of this investment had increased to $12,000,000. By December 31, 2019, the value of the investment in BetaCo had declined to $8,500,000. This decline in value was believed to be a result of an other than temporary situation. What gain or loss should be recorded by AlphaCo in its income statement for the 4th quarter of 2019 related to this transaction:

A.	Zero gain or loss
B.	$2,000,000 gain
C.	$1,500,000 loss
D.	$3,500,000 loss
E.	None of the above