Information regarding Stone Co.'s portfolio of marketable equity securities is as follows:
Aggregate cost as of 12/31/X2 $170,000
Unrealized gains as of 12/31/X2 $4,000
Unrealized losses as of 12/31/X2 $26,000
Net realized gains during 20X2 $30,000 At December 31, 20X1,
Stone reported an allowance of $1,500 to reduce investments to market. In its December 31, 20X2, balance sheet, what amount of allowance should Stone report? a. $26,000 b. $22,000 c. $0 d. $20,500.