On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $64 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $59 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $78 million.

As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should next take the second step of: