Michael Company purchased a trading investment that had a carrying amount of? $35,900 when its management decided to sell it. The investment was purchased for? $32,000. If Michael Company sold this investment for? $45,100, Michael will have? a(n)
A. Unrealized Gain on Trading Security of? $13,100.
B. Gain on Sale of Trading Security for? $13,100.
C. Gain on Sale of Trading Security for? $9200.
D. Unrealized Loss on Trading Security of? $9200.