On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $55 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $50 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $70 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should finally take the third step of recording a sales transaction with a gain of:

Multiple Choice

• $25 million.

• $15 million.

• $5 million.

• $20 million.