What rex should report a realized loss of

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During 2017, ABC Company purchased marketable equity securities as investment. These securities are classified as FVOIC. The cost and market value at December 31, 2017, were as follows:

                                Security Cost                  Fair Value

A-100 shares              2,800                           3,400

B-1,000 shares                17,000                     15,300

C-2,000 shares                 31,500                      29,500

Question 1: ABC sold 1,000 shares of Company B stock on January 31, 2018 for P15 per share, incurring P1,500 brokerage commission and taxes. On the sale, Rex should report a realized loss of

Option 1: P3,500

Option 2: P1,800

Option 3: Answer not given

Option 4: P2,000

Option 5: P300

Reference no: EM132568093

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