The following information pertains to Lark Corp.s marketable equity securities portfolio:

December 31	2016	2015
Cost	$200,000	$200,000
Fair value	240,000	180,000

Differences between cost and marker values are considered to be temporary. The decline in market value was properly accounted for at December 31, 2015. At December 31, 2016, what is the net unrealized holding gain or loss to be reported as net income.

$60,000 gain

$40,000 gain

$20,000 loss

0