On September 18, 2024, ABC Company purchased 8,000 shares (9%) of Tesla, Inc. stock for $39 per
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On September 18, 2024, ABC Company purchased 8,000 shares (9%) of Tesla, Inc. stock for $39 per share. The market value per share of Tesla's stock at December 31, 2024 was $44. On May 12, 2025,
ABC Company sold 2,300 shares of its Tesla stock for $36 per share. The market value of Tesla's stock at December 31, 2025 was $31 per share. ABC Company sold 3,700 shares of its Tesla stock on July 19, 2026 for $42 per share. At December 31, 2026, the market value of the Tesla stock was $46 per share. Calculate the amount of the realized gain reported on ABC Company's 2026 income statement.
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