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Sports Spectacular purchased 1 , 9 0 0 shares of ( 8 % ) stock in The Athletic Warehouse for $ 2 0 per share.

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Sports Spectacular purchased 1,900 shares of (8%) stock in The Athletic Warehouse for $20 per share. By the end of the year, the stock price has increased to $22 per share. How would the change in stock price affect Sports Spectacular's net income?
Multiple Choice
Increase net income by $38,000.
Increase net income by $41,800.
No effect.
Increase net income by $3,800.
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