On December 31, Year 4, the last day of its fiscal year, Starship company purchased 6,000 available for sale debt securities at a price of $20 per security. These securities had a fair value of $104,000 and $140,000 on December 31, Year 5 and December 31, Year 6, respectively. All of the securities were sold on December 31, Year 6. OCI recognizes all holding gains and losses on available for sale securities before recognizing realized gain. If OCIs tax rate is 30%, that total after tax effect on comprehensive income in Year 6 of the foregoing transaction was

• A.

  ($11,200)

• B.

  ($25,200)

• C.

  $25,200

• D.

  $14,000