Smith buys and sells equity securities. On December 15, 2021, Smith purchased $500,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2021, the Jones shares had a fair value of $525,000. In the 2021 financial statements, Smith will report (ignore taxes): Multiple Choice Investment income of $25,000 in its income statement. o Other comprehensive income of $25,000. o Accumulated other comprehensive income of $525,000. o An investment in Jones of $500,000. o