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Question 9 On its December 31, 2020, balance sheet, Cullumber Company reported its investment in equity securities, which had cost $720000, at fair value of

Question 9 On its December 31, 2020, balance sheet, Cullumber Company reported its investment in equity securities, which had cost $720000, at fair value of $656000. At December 31, 2021, the fair value of the securities was $693000. What should Cullumber report on its 2021 income statement as a result of the increase in fair value of the investments in 2021? O Unrealized loss of $27000. Unrealized gain of $37000. O $0. Realized gain of $37000. Click if you would like to Show Work for this question: Open Show Work

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