Goofy Inc. bought a sizeable amount of Crazy Co.'s bonds for $192,000 on May 5, 2017, and classified the investment as available for sale. The market value of the bonds declined to $112,000 by December 31, 2017 Goofy reclassified this investment as trading securities in December of 2018 when the market value had risen to $167,000. What effect on 2018 income should be reported by Goofy for the Crazy Co. bonds? Multiple Choice $55,000 net unrealized holding gain. $0. $25,000 net unrealized holding loss. $80,000 net unrealized holding loss