On December 31, 2007, Nance Co

On December 31, 2007, Nance Co. purchased equity securities as trading securities. Pertinent data are as follows:
On December 31, 2008, Nance transferred its investment in security C from trading to available-for-sale because Nance intends to retain security C as a long- term investment. What total amount of gain or loss on its securities should be included in Nance's income statement for the year ended December 31, 2008?

A) $3,000 gain
B) $27,000 loss
C) $30,000 loss
D) $45,000 loss