The company purchased the following securities during Year 1:

On July 23, Year 2, the company sold all of the shares of security B for a total of $9,500. As of December 31, Year 2, the shares of security A had a fair value of $5,800. No other activity occurred during Year 2 in relation to the trading security portfolio.
(1) What amount should the company report as realized gain or loss in the Year 2 income statement? Clearly indicate whether the amount is a gain or a loss.
(2) What amount should the company report as unrealized gain or loss in the Year 2 income statement? Clearly indicate whether the amount is a gain or a loss.

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Fair Value (Dec. 31, Year 1) Security Classification Cost Trading Trading 9,000 10,000 10,000 16,000