At the End of the First Year of Operations, the Total

At the end of the first year of operations, the total cost of the trading investments portfolio is $140,000. Total fair value is $125,000. The financial statements under GAAP should show

A) a reduction in the carrying value of the asset $15,000 in current assets and a realized loss of $15,000 in other expenses and losses.
B) a reduction in the carrying value of the asset $15,000 in current assets and an unrealized loss of $15,000 in other comprehensive income.
C) a reduction in the carrying value of the asset of $15,000 in current assets and an unrealized loss of $15,000 in the equity section of the balance sheet.
D) a reduction in the carrying value of the asset of $15,000 in current assets and unrealized loss of $15,000 in other expenses and losses.