Sheridan Corporation has the following investment which was held throughout 20212022:

				Fair Value
		Cost		12/31/21		12/31/22
Equity investment		$844000		$1137000		$1070000

What amount of gain or loss would Sheridan Corporation report in its income statement for the year ended December 31, 2022 related to its investment, if the fair value method of accounting was used?

$293000 gain.

$67000 loss.

$226000 gain.

$67000 gain.