Presented below is information related to the purchases of common stock by Marin Company during 2025. In addition, assume that the investment in the Woods Inc. stock was sold during 2026 for $197,000. 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 $958,000. (a) Compute the amount of net income or net loss that Marin should report for 2026 , taking into consideration Marin's security transactions for 2026 . Net income or net loss that Marin should report for 2026$ (b) Prepare the journal entry to record unrealized gain or loss related to the imvestment in Arroyo Company stock at December 31 , 2026. Marin has selected the fair value option for the Arroyo imvestment. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.)