Yankton Company began the year without an investment portfolio. During the year they purchased investments classified as available- for-sale securities at a cost of $13,000. At the end of the year, the market value of the securities was $11,000. The Yankton Company's financial statements for the current year should show
a. a loss of $2,000 on the income statement and temporary investments of $11,000 on the balance sheet
b. a loss of $2,000 on the income statement and available-for-sale securities of $13,000 on the balance sheet
c. no loss on the income statement, available-for-sale securities of $11,000 and an unrealized loss of $2,000 as a stockholders' equity adjustment on the balance sheet
d. no loss on the income statement and available-for-sale securities of $13,000 on the balance sheet