On its December 31, 2018, balance sheet, Fay Company reported equity investments at a market value of $183,000. There was no change during 2019 in the composition of Fay’s portfolio of marketable equity securities. Pertinent data are as follows:

What amount of loss on these securities should be included in Fay’s income statement for the year ended December 31, 2019?
a. $0
b. $1,500
c. $2,000
d. $3,500

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Market Value Market Value at 12/31/2018 at 12/31/2019 $ 63,000 Security Cost $ 60,000 $ 62,000 A 45,000 80,000 $185,000 $183,000 42,000 79,000 40,000 78,500 $181,500 Totals