On its December 31, 2022, balance sheet, Freedom Company reported its investment in equity securities, which had cost $600,000, at fair value of $560,000. At December 31, 2023, the fair value of the securities was $595,000. What should Freedom report on its 2023 income statement as a result of the change in fair value of the investments in 2023?
Question 3Select one:
a.
$0.
b.
Realized gain of $35,000.
c.
Unrealized loss of $5,000.
d.
Unrealized gain of $35,000.