Sanders Company began business in February of $20$X$4.$ During the year, Sanders purchased the three trading securities listed below. On its December $31,20$X$4,$ balance sheet, Sanders appropriately reported a $$4,000$ credit balance in its Market Adjustment$$Trading Securities account. There was no change during $20$X$5$ in the composition of Sanders$$ portfolio of trading securities$.$ Pertinent data are as follows:

Security Cost Market Value December $31,20$X$5$

A $$120,000$ $$126,000$

B $90,00080,000$

C $160,000157,000$

$$370,000$ $$363,000$

What amount of loss on these securities should be included in Sanders$$ income statement for the year ended December $31,20$X$5?$

$$0$

$$7,000$

$$11,000$

$$3,000$