Yankton Company Began the Year Without an Investment Portfolio

Yankton Company began the year without an investment portfolio. During the year, it purchased investments classified as available-for-sale securities at a cost of $13,000. At the end of the year, the market value of the securities was $11,000. Yankton Company's financial statements for the current year should show

A) a loss of $2,000 on the income statement and available-for-sale investments of $13,000 on the balance sheet
B) no loss on the income statement and available-for-sale investments of $13,000 on the balance sheet
C) no loss on the income statement, available-for-sale investments of $11,000, and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheet
D) a loss of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet