Question: On October 1 8 , 2 0 2 0 , Hammons Restaurants purchased 8 , 0 0 0 shares of Bronson Food Distributors for $

On October 18,2020, Hammons Restaurants purchased 8,000 shares of Bronson Food Distributors for $30 per share. On December
6, Hammons sold 2,000 shares of Bronson's stock for $35 per share. On December 31,2020, the market price of Bronson's stock was
$28 per share. On their December 31,2020 income statement, Hammons Restaurants should report a total gain/loss of
related to their Bronson investment.
($2,000)
$10,000
($6,000)
($16,000)
On October 18,2020, Hammons Restaurants purchased 8,000 shares of Bronson Food

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