Sandhill Company's equity securities portfolio which is appropriately included in current assets is as follows:

		December 31, 2021
		Cost		Fair Value		Unrealized Gain (Loss)
Catlett Corp.		$220000		$183000		$-37000
Lyman, Inc.		209000		225000		16000
		$429000		$408000		$-21000

Ignoring income taxes, what amount should be reported as a charge against income in Sandhill's 2021 income statement if 2021 is Sandhill's first year of operation?

$37000 loss.

$0.

$21000 loss.

$16000 gain.