Martin Co. purchased the following portfolio of trading securities during 2007 and reported the following balances at December 31, 2007. No sales occurred during 2007. All declines are considered to be temporary.
Security Cost Market Value at 12/31/2007
X $ 80,000 $ 82,000
Y 140,000 132,000
Z 32,000 28,000
The carrying value of the portfolio at December 31, 2007, on Martin Co.'s balance sheet would be
A. $222,000.
B. $240,000.
C. $242,000.
D. $252,000.