A company invests $$350,000$ in equity securities on November $30,2023,$ and classifies them as investments with no significant influence. At December $31,2023,$ the company$$s year$-$end, the securities have a fair value of $$345,000.$ On February $1,2024,$ the company sells the securities for $$360,000.$

Which statement is true regarding how this information is reported in the company$$s financial statements?

Select one:

a$.$

The company$$s December $31,2023$ balance sheet reports the securities at $$345,000,$ and a gain of $$10,000$ is reported on the $2024$ income statement.

b$.$

The company$$s December $31,2023$ balance sheet reports the securities at $$350,000,$ and no gain or loss appears on the $2023$ income statement.

c$.$

The company$$s December $31,2023$ balance sheet reports the securities at $$345,000,$ and a gain of $$15,000$ is reported on the $2024$ income statement.

d$.$

The company$$s December $31,2023$ balance sheet reports the securities at $$350,000,$ and a loss of $$5,000$ is reported on the $2023$ income statement.