Question: On its December 3 1 , 2 0 2 4 , balance sheet, Sunland Company reported its investment in equity securities , which cost $

On its December 31,2024, balance sheet, Sunland Company reported its investment in equity securities, which cost $670000, at fair value of $602000. At December 31,2025, the fair value of the securities was $631000. What should Sunland report on its 2025 income statement as a result of the increase in fair value of the investments in 2025?
Unrealized loss of $39000
Realized gain of $29000
Unrealized gain of $29000
1$0
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On its December 3 1 , 2 0 2 4 , balance sheet,

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