30. On December 29, 2022, James Company sold a debt security that had been purchased on January 4, 2021. James owned no other debt securities. An unrealized holding loss was reported in the 2021 income statement. A realized gain was reported in the 2022 income statement. Was the debt security classified as available-for-sale and did its 2021 market price decline exceed its 2022 market price recovery?

2021 Market Price

Decline Exceeded 2022

Available-for-Sale Market Price Recovery

a. Yes Yes

b. Yes No

c. No Yes

d. No No