If a Company Has Elected the Fair Value Option, Where

If a company has elected the fair value option, where are gains and losses resulting from adjusting these accounts to fair value reported?

A) Unrealized Gains are reported as part of Other Comprehensive Income while Unrealized losses are reported as part of Net Income.
B) Unrealized Gains are reported as part of Net Income, while Unrealized Losses are reported as part of Other Comprehensive Income.
C) Unrealized Gains and Losses are both reported as part of Net Income.
D) Unrealized Gains and Losses are both reported as part of Other Comprehensive Income.