Question $27$

Pharoah Corporation began operations in $2025.$ An analysis of Pharoah's debt securities portfolio acquired in $2025$ shows the

following totals at December $31,2025$ for trading and available$-$for$-$sale debt securities:

What amount should Pharoah report in its $2025$ income statement for unrealized holding loss?

$$30400.$

$$18400.$

$$9600.$

$$46400.$