Par Inc purchased 74.89% of Sub Corp's total outstanding voting shares for $410,999 on January 1, Year 3. The carrying value of Sub's identifiable net assets was $352,280 on that date. All of Sub's assets and liabilities had their fair values and carrying values the same, except for a Patent whose fair value was $58,703 higher on the date of acquisition. On the next day, Par sold 12.21% of its Sub shares on the open market for $67,819. What is the amount of the gain or loss on the sale of the shares on the next day?

a.

$17,195

b.

$17,636

c.

$16,754

d.

$16,313

e.

$15,872

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