On October 1 of Last Year, Canadian Trader Corp

Multiple Choice

On October 1 of last year, Canadian Trader Corp.(CTC) purchased 1,000 shares of the Regal Bank for $50,000 as a trading investment.At year end, December 31, the fair value of these shares was $52,000.On February 1 of this year, CTC sold all these shares for $51,000.The realized gain (loss) that CTC will report this year is

A) a gain of $1,000.
B) a gain of $2,000.
C) a loss of $2,000.
D) a loss of $1,000.