On January 12, 2021. Jefferson Corporation purchased bonds of Rose Corporation for $76 milion at par and classified the securities as available-for-sale. On December 31 2021, these bonds were valued at $69 milion Nine months later, on October 3, 2022 Jefferson Corporation sold these bonds for $88 million As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should finaly take the third step of recording a sales transaction with a gain of $12 million $7 milion $19 million $26 million