Thomas Corporation bought 25,000 shares of Powers Company stock for $250,000 on April 17. The market value of the stock declined to $195,000 by December 31. Thomas reclassified the investment as trading securities in December of the following year when the market value had risen to $215,000. What amount should be reported on the Year 2 income statement for the Powers shares?

A. $20,000 net gain

B. $0

C. $35,000 net loss

D. $55,000 net loss