PM Distributors Began Year 2 with Trading Equity Investments of $8,500

PM Distributors began Year 2 with Trading Equity Investments of $8,500 (which consisted of a single investment) as well as a debit balance of $1,000 in the Fair Value Adjustment - Trading Equity Investments account.This trading security was sold for $9,500 during Year 2.How much was the gain or loss for the sale of this investments and how is it recorded?

A) No gain or loss reported,as the investment was sold for the adjusted fair value.
B) Unrealized Gain of $1,000,reported as part of Other Comprehensive Income.
C) Realized Loss of $1,000,reported as part of Net Income.
D) Realized Gain of $1,000,reported as part of Net Income.