At December 31, 2014, Delta Inc If the Available-For-Sale Securities Are Held as Long-Term Investments, Which

At December 31, 2014, Delta Inc. has these data on its security investments: $\begin{array}{lrr}\text {Security }&\text {Cost }&\text {Fair Value }12/31/14\\\text { Trading } & \$ 140,000 & \$ 190,000 \\\text { Available-for-sale } & 137,000 & 122,000\end{array}$ If the available-for-sale securities are held as long-term investments, which of the following will be recorded to adjust the securities to fair value? a.
$\begin{array}{lrr} \text { Securities } &35,000\\ \text { Unrealized Gain-Income } &&35,000\\\end{array}$

b.
$\begin{array}{lrr} \text { Unrealized Loss - Income} &15,000\\ \text { Securities } &35,000\\ \text { Unrealized Gain-Income } &&50,000\end{array}$

c. $\begin{array}{lrr} \text { Fair Value Adjustment-Trading} &50,000\\ \text { Unrealized Gain-Income} &&50,000\\ \text { Unrealized Gain or Loss Equity } &15,000\\ \text { Fair Value Adjustment-Available-for-Sale } &&15,000\end{array}$

d. $\begin{array}{lrr} \text { Unrealized Gain—income } &50,000\\ \text {Fair Value Adjustment--Trading } &&50,000\\ \text {Fair Value Adjustment - Available-for-Sale } &15,000\\ \text { Unrealized Gain or Loss Equity } &&15,000\end{array}$