Polska, Inc. purchased 400 ordinary shares of Millay Manufacturing as a trading investment for 26,400. During the
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Polska, Inc. purchased 400 ordinary shares of Millay Manufacturing as a trading investment for £26,400. During the year, Millay Manufacturing paid a cash dividend of £6.50 per share. At year-end, Milay Manufacturing shares were selling for £69.00 per share. On the income statement for the year ended December 31, what is the total amount of unrealized gain/loss and dividend revenue reported by Polska, Inc.?
| a. | £2,600 | |
| b. | £3,800 | |
| c. | £1,400 | |
| d. | £1,200 |
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