Wildhorse Corporation has the following investment which was held throughout 2018-2019:

Fair ValueCost12/31/18

12/31/19Equity investment

$972000

$1281000

$1230000

What amount of gain or loss would Wildhorse Corporation report in its income statement for the year ended December 31, 2019 related to its investment, if the fair value method of accounting was used?

$51000 loss.

$309000 gain.

$258000 gain.

$51000 gain.