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Pharoah Company's equity securities portfolio which is appropriately induded in current assets is as follows: December 31, 2018 Unrealized Sain (Loss) $-53000 Fair Value $247000

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Pharoah Company's equity securities portfolio which is appropriately induded in current assets is as follows: December 31, 2018 Unrealized Sain (Loss) $-53000 Fair Value $247000 Cost $300000 281000 Catlett Corp. Lyman, Inc. 305000 $552000 24000 - 20000 $581000 Ignoring come taxes, what amount should be reported as a charge against income in Pharoah's 2010 income statement if 2018 is Pharoah's first year of operation? O $29000 loss. $24000 gan

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