The following pertains to Smoke, Inc.s investment in equity securities: On December 31, Year 3, Smoke reclassified a security acquired during the year for $70,000. It had a $50,000 fair value when it was reclassified from trading to available-for-sale. An available-for-sale security costing $75,000, written down to $30,000 in Year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on December 31, Year 3. What is the net effect of the above items on Smokes net income for the year ended December 31, Year 3?
A.	$30,000 increase.
B.	No effect.
C.	$10,000 increase.
D.	$20,000 decrease.