In 2016, Osgood Corporation purchased $8.0 million of 10-year municipal bonds at face value. On December 31, 2018, the bonds had a fair value of $3,100,000 and Osgood reclassified the bonds from held to maturity to trading securities. Osgood's December 31, 2018, balance sheet and the 2018 income statement would show the following: Income statement loss on investments a. Investment in municipal bonds 3,100,000 3,100,000 8,000,000 8,000,000 4,900,000 4,900,000 c. d. Multiple Choice O Option o Opione