Tloo Co. purchased a put option during the year. Over the course of the year, the time value of the put option has declined. In recording the reduction of the time value of the put option, the company will include in their journal entry a

a)	a debit to the Unrealized Holding Gain or Loss - Income.

b)	a credit to the cash account.

c)	a credit to the Unrealized Holding Gain or Loss - Income.

d)	debit to the put option.