Uganda Corporation uses the fair value model of accounting for its investment property. The fair values of its property were: December 31, 2020, $225,000 and December 31, 2021, $233,000. At December 31, 2021 Uganda should: a) recognize a gain of $8,000 in income. b) report a gain of $8,000 in other comprehensive income. c) defer the gain until the property is sold. d) do nothing (ignore it).