In 2022, Osgood Corporation purchased $7.7 million worth of 10-year municipal bonds at face value. On December 31, 2024, the bonds had a fair value of $3,900,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2024, balance sheet and the 2024 income statement would show the following: Investment in bonds (TS) Income statement loss on investments a. $ 3,900,000 $ 0 b. $ 3,900,000 $ 3,800,000 c. $ 7,700,000 $ 3,800,000 d. $ 7,700,000 $ 0 Multiple Choice Option d. Option a. Option c. Option b