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During 2018 Sandhill Company purchased 9600 shares of Midi, Inc. for $26 per share. During the...

During 2018 Sandhill Company purchased 9600 shares of Midi, Inc. for $26 per share. During the year Sandhill Company sold 2300 shares of Midi, Inc. for $31 per share. At December 31, 2018 the market price of Midi, Inc.’s stock was $24 per share. What is the total amount of gain/(loss) that Sandhill Company will report in its income statement for the year ended December 31, 2018 related to its investment in Midi, Inc. stock?

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Purchase of 9600 shares of midi @ $ 26 Per shares
No. of shares =                     9,600
Price $                      26
Purchase Cost $          2,49,600
Sold 2300 Shares                   -2300
Balance Shares                     7,300
Total Cost of Purchase Shares= $          2,49,600
Less : Sales (2300 Shares * 31) $            -71,300
Book Value of the Balance shares $          1,78,300
Market Value of the Shares (7300 Shares * $ 24) $          1,75,200
Unrealized Loss = $               3,100
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