On March 25th, 2018 Phillips Corporation Purchased Bonds of Atlas

On March 25th, 2018 Phillips Corporation purchased bonds of Atlas Corporation for $132 million and classified the securities as trading securities. On December 31st, 2018 these bonds were valued at $150 million. Four months later, on April 3rd, 2019 Phillips Corporation sold these bonds for $140 million.
-As part of the multi-step approach to record the 2019 transaction, Jefferson Corporation should next take the second step of recording a sales transaction where it:

A) Credits a fair value adjustment of $18 million.
B) Debits a fair value adjustment of $18 million.
C) Debits a fair value adjustment of $8 million.
D) Credits a fair value adjustment of $8 million.