Presented below is information related to the purchases of common stock by Blossom Company during $2025.$In addition, assume that the investment in the Bridgeport Inc. stock was sold during $2026$ for $$280,000.$ At December $31,2026,$ the

following information relates to its two remaining investments of common stock:

Net income before any security gains and losses for $2026$ was $$1,190,000.$ The fair value option is used.