EMK Corp. is holding two bonds to maturity, both of which have a carrying value of \(\$ 132,000\). At the end of the fiscal year, the fair market value of bond \(\mathrm{A}\) is \(\$ 118,000\), and the fair market value of bond B is \(\$ 136,000\). What is the unrealized gain or loss recorded by EMK on these two bonds?

a. Unrealized loss of \(\$ 14,000\)

b. Unrealized loss of \(\$ 10,000\)

c. Unrealized gain of \(\$ 4,000\)

d. No unrealized gain or loss