During 2009, Garr Company purchased marketable equity securities as a trading investment

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During 2009, Garr Company purchased marketable equity securities as a trading investment. For the year ended December 31, 2009, the entity recognized an unrealized loss of P230,000. There were no security transactions during 2010. Pertinent information on December 31, 2010 is as follows:

 

Security	Cost	Market value
A	2, 450,000	2, 300,000
B	1, 800,000	1, 820,000
	4, 250,000	4, 120,000

In the 2010 income statement, what amount should be reported as unrealized gain or loss?

1. Unrealized gain of P100, 000
2. Unrealized loss of P100, 000
3. Unrealized loss of P130, 000
4. Unrealized gain of P130, 000