How much unrealized holding gain should Lover report in profit or loss for the year 2022?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 23E
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During the year 2021,Lover Company purchased 1,000 shares of Ganny Company ordinary shares at P150 per share, plus transaction costs of P4,000. The shares acquired are for trading purposes. At December 31, 2021, Ganny ordinary shares are selling at P180/share.  During the year 2022, David sold 400 shares at P195/share incurring P2,000 transaction costs on the sale.  On December 31, 2022, the equity securities have fair value of P200/share.
How much unrealized holding gain should Lover report in profit or loss for the year 2022?

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