At December 31, 2015, Jeter Corporation had the following equity securities that were purchased during 2015, its first year of operation:

Fair Unrealized

Cost Value Gain (Loss)

Trading Securities:

Security A $ 85,000 $ 60,000 $(25,000)

B 15,000 20,000 5,000

Totals $100,000 $ 80,000 $(20,000)

Available-for-Sale Securities:

Security Y $ 70,000 $ 80,000 $ 10,000

Z 85,000 55,000 (30,000)

Totals $155,000 $135,000 $(20,000)

All market declines are considered temporary. Fair value adjustments at December 31, 2015 should be established with a corresponding charge against

Income Stockholders Equity

a. $40,000 $ 0

b. $25,000 $30,000

c. $20,000 $20,000

d. $20,000 $ 0