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What the realized gain hand tools will report year is

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Question 1: On October 1 of last year, Hand Tools Corp. purchased 1,500 shares of the Bindo Bank for $72,000 as a trading investment. At year end, December 31, the fair value of these shares was $75,000. On February 1 of this year, Hand Tools sold all these shares for $73,000. The realized gain (loss) that Hand Tools will report this year is

Option 1: a gain of $2,000.

Option 2: a loss of $1,000.

Option 3: a loss of $2,000.

Option 4: a gain of $1,000.

Reference no: EM132495607

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