Wright Company's trading securities portfolio, which is appropriately included in current assets, is as follows on December 31, 2013: Holmes Corporation - cost of $300,000 and fair value of $240,000; Woods Corporation - cost of $500,000 and fair value of $530,000. Ignoring income taxes, what amount should be reported as a charge against income in Wright's 2013 income statement if 2013 is Wright's first year of operation?
a) $30,000 Unrealized Loss
b) $30,000 Unrealized Gain
c) $60,000 Unrealized Gain
d) $ -0-