Hawk Corporation purchased ten thousand shares of Diamond Corporation stock in 2003 for $53 per share and classified the investment as securities available for sale. Diamond's market value was $83 per share on December 31, 2004, and $98 on December 31, 2005. During 2006, Hawk sold all of its Diamond stock at $149 per share. In its 2006 income statement, Hawk would report:
A) A gain of $960,000.
B) A gain of $900,000.
C) A gain of $450,000
D) A gain of $510,000.