11. 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, Phillips Corporation should first update the fair value adjustment by recording: A) An unrealized holding gain of $28 million in 2019. B) A unrealized holding loss of $10 million in 2019. C) An unrealized holding gain of S8 million in 2019. D) A gain of S8 million in 2019