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 the 2019 transaction, Jefferson Corporation should next take the second step of:

• Reversing total accumulated unrealized holding gains of $20 million.
• Reversing total accumulated unrealized holding gains of $6 million.
• Reversing total accumulated unrealized holding gains of $14 million.
• Reversing total accumulated unrealized holding gains of $26 million.

I tried but the answer i chose: reversing total accumulated unrealized holding gains of $6 million is not the correct answers