Encore Industries owned investment securities with a book value of $45 million on August 12. At that time, Encore's board of directors declared a property dividend consisting of these securities. The fair value of the securities was as follows: Declaration August 12 Record date - September 1 Distribution date $58 million 62 million September 20 60 million What amount of gain should Encore recognize in earnings in connection with this property dividend? Multiple Choice $0 $13 million $15 million $17 million