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Sports Spectacular purchased 1,700 shares of stock in The Athletic Warehouse for $30 per share. The investment is properly classified as a trading security. By

Sports Spectacular purchased 1,700 shares of stock in The Athletic Warehouse for $30 per share. The investment is properly classified as a trading security. By the end of the year, the stock price has increased to $32 per share. How would the change in stock price affect Sports Spectacular's net income? Increase net income by $3,400 Increase net income by $51,000 Increase net income by $54,400 O No effect

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