On January 15 of the current year, Thomas Company purchased 1,400 shares of Dillon Company at a price of $23 per share plus a $70 brokerage commission. On April 10, Thomas Company subsequently sold...

On January 15 of the current year, Thomas Company purchased 1,400 shares of Dillon Company at a price of $23 per share plus a $70 brokerage commission. On April 10, Thomas Company subsequently sold 800 shares of Dillon Company for $20 per share less a $50 brokerage commission. Determine the loss on sale of investment.

A. $2,400                                C. $2,490

B. $2,420                                 D. $2,520