Shoe Corporation paid face value to purchase 500 bonds issued by Moon Corporation in Year 1. Shoe paid $500,000 and classified the investment as available for sale. The Moon bonds were trading at 95 on December 31, Year 1, and at 92 on December 31, Year 2. During Year 3, Shoe sold all of its Moon bonds at 94. In its Year 3 income statement, Shoe would report: A. A gain of $30,000 B. A loss of $30,000. C. A loss of $40,000. D. A gain of $10,000