Help Save & E bonds until they matured in 2022, so Nichols classities its investment as hel Nichols Corporation purchased $100,000 of Holly Inc. 6% bonds at par with the intent and ability to hold the to maturity. Unfortunately a combination of problems at Holly and in the debt market caused the fair value of the Holly investment to decline to $70,000 during 2018. Nichois calculates that, of the $30,000 decrease in fair value, $10.,000 of it relates to credit losses and $20000 relates to roncretit losses Assume that Nichols concludes that the Holly bonds are other-than-temporaniy impaired because Nichols believes it s more Ikely than not that it will have to sell the Holy bonds before the bonds have a chance to recover their fair value. Before-tax net income for 2018 will be reduced by Multiple Choice 20,000 S0 $30,000 $10,000