During 2020, Cullumber Company purchased 69000 shares of Marigold Corporation common stock for $1150000 as an equity investment. The fair value of these shares was $1101000 at December 31, 2020. Cullumber sold all of the Marigold stock for $18 per share on December 3, 2021, incurring $45000 in brokerage commissions. Cullumber Company should report a realized gain on the sale of stock in 2021 of $96000. $47000. $141000. $92000.

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