Smith buys and sells securities. On December 15, 2018, Smith purchased $523,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2018, the Jones shares had a fair value of $579,000. In the 2018 financial statements, Smith will report (ignore taxes):

Multiple Choice

An investment in Jones of $523,000.

Investment income of $56,000 in its income statement.

Accumulated other comprehensive income of $579,000.

Other comprehensive income of $56,000.