Question

On October 9, 2021, ABC Company purchased 17,000 shares (11%) of Rose Company stock for $22...

On October 9, 2021, ABC Company purchased 17,000 shares (11%)
of Rose Company stock for $22 per share. The market value per
share of Rose's stock at December 31, 2021 was $26. ABC sold
3,100 shares of its investment in Rose Company on May 1, 2022
$21 per share. At December 31, 2022, the market value of Rose's
stock was $24 per share. ABC Company sold 2,800 shares of its
Rose Company stock on June 13, 2023 for $28 per share. The
market value of the Rose Company stock at December 31, 2023
stock was $18 per share.

Calculate the amount of the unrealized loss reported on ABC
Company's 2023 income statement. Do not enter your answer
with a minus sign in front of your number.
Business   Accounting   
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