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Sports Spectacular purchased 1,900 shares of stock in The Athletic Warehouse for $50 per share. The investment is properly classified as a trading security. By
Sports Spectacular purchased 1,900 shares of stock in The Athletic Warehouse for $50 per share. The investment is properly classified as a trading security. By the end of the year, the stock price has increased to $52 per share. How would the change in stock price affect Sports Spectacular's net income? Increase net income by $95,000 increase net income by $3.800 O No effect O Increase net income by $98,800
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