On March 25, 2024, Philips Corporation purchased bonds of Atlas Corporation for $133.5 million and classified the securitios as trading securities, On December 31, 2024, these bonds were valued at 5152.0 malion, Three months later, on Apri 3, 2025, Phillips Corporation sold these bonds for \$145 minion. As part of the muitisfep approach to record the 2025 transaction. Jefferson Corporation should next take the second step of recording a sales ensaction where it: Multiple cholce cred is a fair value adjustment of $18.50 million debits a fair value adjustment of $18.50 mition. debits a falr value adjustment of $11.50 million. credits a fair value adjustment of $11.50 milion