realized gain and unrealized gain.

On January 1, 2021 M.T. Glass purchased the following investments: 1. 7,500 shares (representing 15%) of ZZ Company stock for $98,000 2. 25,000 shares (representing 40x) of AA Company stock for $440,000 M.T. Glass recorded the sale of some of its Investments in 2022 as follows: 1. September 1 sold 5,000 shares of the ZZ Company stock for $76,000 2. December 31 sold 3,000 shares of the AA Company stock for $120,000 AA Company and ZZ Company reported the following information for the years 2021 and 2022: A Net income in 2021 Total dividends paid in 2021 Market value at Dec 31, 2021 AA Company $260,000 $24,000 $27/share ZZ Company $200,000 $15,00 $22/share Net Income in 2022 Total dividends paid in 2022 Market value at Dec 31, 2022 $160,000 $41,000 $24/share $225,000 $5,000 $29/share Calculate the mount of the realized gain reported in M.T. Glass' 2022 income statement resulting from the sale of the AA Company stock. On January 1, 2021 M.T. Glass purchased the following investments: 1. 7,500 shares (representing 15%) of ZZ Company stock for $98,000 2. 25,000 shares (representing tex) of MA Company stock for $440,000 M.T. Glass recorded the sale of some of its investments in 2022 as follows: 1. September 1 sold 5,000 shares of the ZZ Company stock for $76,000 2. December 31 sold 3,000 shares of the AA Company stock for $120,000 AA Company and ZZ Company reported the following information for the years 2021 and 2022: Net income in 2021 Total dividends paid in 2021 Market value at Dec 31, 2021 AA Company $260,000 $24,000 $27/share ZZ Company $280,00 $15,090 $22/share Net Income in 2022 Total dividends paid in 2022 Market value at Dec 31, 2022 $160,000 $41,00 $24/share $225,000 $5,000 $29/share Calculate the amount of the unrealized gain reported in M.T. Glass' 2022 income statement