Continental Bank, a nationwide banking company, owns many types of investments. Continental paid $550,000 for equity securities on December 5. Continental owns less than 10% of the stock of the companies in which it invests. Two weeks later, Continental received a $37,000 cash dividend. On December 31, these equity securities were quoted at a market price of $554,000. Continental’s December income statement would include an

a. Unrealized loss of $4,000.

b. Unrealized gain of $41,000.

c. Unrealized gain of $4,000.

d. Unrealized loss of $41,000.