On January 12th, 2018 Jefferson Corporation Purchased Bonds of Rose

On January 12th, 2018 Jefferson Corporation purchased bonds of Rose Corporation for $73 million and classified the securities as available-for-sale. On December 31st, 2018 these bonds were valued at $67 million. Eight months later, on October 3rd, 2019 Jefferson Corporation sold these bonds for $87 million.
- As part of the multi-step approach to record the 2019 transaction, Jefferson Corporation should first update the fair value adjustment on the date of sale by recording:

A) An unrealized holding gain of $20 million in 2019.
B) A gain of $20 million in 2019.
C) An unrealized holding gain of $26 million in 2019.
D) A gain of $14 million in 2019.