On August8, 2007, ZZ, Inc. purchased 5,000 shares of EZ Company stock for$18 per share. The following information relates to the EZ Company stock:
EZCompany paid a dividend of $2 per share on October 1, 2007
The EZCompany stock was valued at $15 per share on December 31, 2007
ZZ, Inc.sold 3,000 shares of the EZ Company stock for $22 per share on May18, 2008
EZCompany paid a dividend of $2 per share on October 1, 2008
The EZCompany stock was valued at $19 per share on December 31, 2008
Calculate the amount of the unrealized loss shown on ZZ, Inc.'s 2007 income statement.