As of 12/31/20, XYZ Inc

As of 12/31/20, XYZ Inc. had available-for-sale debt investments with a fair value of $505,000, an amortized cost of $542,000, and a debit balance in the Fair Value Adjustment - Available for Sale Debt Investments account of $7,200. What is the amount of gain or loss reported by XYZ related to these available-for-sale debt investments and how should it be reported?

A) Unrealized Loss of $37,000, reported as part of Other Comprehensive Income.
B) Unrealized Loss of $44,200, reported as part of Net Income.
C) Unrealized Loss of $44,200, reported as part of Other Comprehensive Income.
D) Unrealized Loss of $37,000, reported as part of Net Income.