QUESTION 11 During 2020, Woods Company purchased 80,000 shares of Holmes Corporation common stock for $1,250,000 as an equity investment. The fair value of these shares was $1.200.000 at December 31, 2020. Woods sold all of the Holmes stock for $20 per share on December 3, 2021, incurring $56,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2021 of $400,000 $284.000 O $340,000 O $344,000