TB MC Qu$.15-137($Algo$)$ On February $15,$ Jewel Company buys...

On February $15,$ Jewel Company buys $6,800$ shares of Marcelo Corporation at $$28\mathrm{.}65$ per share. The purchase is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March $15,$ Marcelo Corporation declares a dividend of $$1\mathrm{.}17$ per share payable to stockholders of record on April $15.$ Jewel Company received the dividend on April $30$ and ultimately sells half of the Marcelo Corporation stock on November $17$ of the current year for $$29\mathrm{.}43$ per share. The fair value of the remaining shares is $$29\mathrm{.}63$ per share at year$-$end. The amount that Jewel Company should report in the current$-$year income statement from its investment in Marcelo Corporation is:

Multiple Choice

Unrealized Gain$-$Income; $$10,032$

Realized Gain$-$Income; $$3,332.$

Unrealized Loss$-$Equity; $$3,332$

Unrealized Gain$-$Income; $$3,332$