A Company Invests $700,000 in Corporate Bonds in 2019 and Classifies

A company invests $700,000 in corporate bonds in 2019 and classifies them as available-for-sale. At the end of 2019, the fair value of the securities is $650,000. In 2020, the company sells the bonds for $706,000. Which statement is true concerning the entry made to record the sale of the bonds in 2020?

A) Other comprehensive income increases by $50,000 and income increases by $6,000.
B) There is no effect on other comprehensive income, and income increases by $6,000.
C) Other comprehensive income declines by $50,000, and income increases by $6,000.
D) Other comprehensive income increases by $6,000, and there is no effect on income.