Smith buys and sells securities. On December 15, 2018, Smith purchased $514,000 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 $597,000. In the 2018 financial statements, Smith will report (ignore taxes):

Multiple Choice

• Other comprehensive income of $83,000.
• Accumulated other comprehensive income of $597,000.
• Investment income of $83,000 in its income statement.

• An investment in Jones of $514,000.