On January 12th, 2018 Jefferson Corporation purchased bonds of Rose Corporation for $73 million and classified the securities as available-for-sale. On December 31st, 2018 these bonds were valued at $67 million. Eight months later, on October 3rd, 2019 Jefferson Corporation sold these bonds for $87 million.

As part of the multi-step approach to record 2019 transaction, Jefferson Corporation should finally take the third step of recording a sales transaction with a gain of:

• $20 million
• $26 million
• $6 million
• $14 million