Oriole Company's equity securities portfolio which is appropriately included in current assets is as follows:

		December 31, 2021
		Cost		Fair Value		Unrealized Gain (Loss)
Catlett Corp.		$170000		$143000		$-27000
Lyman, Inc.		164000		175000		11000
		$334000		$318000		$-16000

Ignoring income taxes, what amount should be reported as a charge against income in Oriole's 2021 income statement if 2021 is Oriole's first year of operation?

$16000 loss.

$11000 gain.

$0.

$27000 loss.