During 2010, Barney Company purchased marketable equity securities as a short-term investment and classified them as trading securities. The cost and market value at December 31, 2010, were as follows:
Security Cost Market Value as of December 31, 2010
X 200 shares $ 8,400 $ 10,200
Y 2,000 shares 51,000 45,900
Z 4,000 shares 94,500 88,500
$153,900 $144,600
Barney sold 1,000 shares of Company Y stock on March 16, 2011, for $25 per share, incurring $1,200 in brokerage commissions and taxes. On the sale, Barney should report a realized loss of
a. $0.
b. $500.
c. $850.
d. $1,700.