On March 25, 2021, Phillips Corporation purchased bonds of Atias Corporation for $136 million and classified the securities as trading securities, On December 31, 2021, these bonds were valued at $156 million. Three months later, on April 3. 2022. Phillips Corporation sold these bonds for $144 million. As part of the multistep approach to record the 2022 transaction, Phillips Corporation should first update the fair value adjustment by recording: Muttiple Choice An unrealzed holding gain of $32 million in 2022 . An unrealized hoiding gain of $8 million in 2022 . An unrealized holding loss of $12 miltion in 2022 . A gain of 38 million in 2022