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| Use the following information for questions 13 - 15. On June 16, 2024, ABC Company paid $23 per share to purchase 8,000 shares (10%)
| Use the following information for questions 13 - 15. On June 16, 2024, ABC Company paid $23 per share to purchase 8,000 shares (10%) of Trimex Corporation stock as an investment. The Trimex stock had a market value of $17 per share at December 31, 2024. ABC Company sold 2,500 of these shares on May 1, 2025 for $29 per share. The Trimex Corporation stock had a market value of $35 per share at December 31, 2025. On August 1, 2026, ABC Company sold 3,500 of these shares for $42 per share. At December 31, 2026, the Trimex stock had a market value of $38 per share. The amount of the realized gain reported by ABC Company in its 2026 income statement related to the Trimex Corporation stock would be equal to: A. B. C. D. E. A. B. C. D. E. The amount of the unrealized gain reported by ABC Company in its 2026 income statement related to the Trimex Corporation stock would be equal to: $14,000 $6,000 $24,500 A. B. C. $30,000 $66,500 D. E. $14,000 $6,000 $24,500 The balance in the investment in Trimex Corporation account at December 31, 2026 was equal to: $ 76,000 $184,000 $ 30,000 $304,000 $ 46,000 $30,000 $66,500 ludo:
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