On December $29,2005,$ Greer Co$.$ sold an equity security that had been purchased on January $4,2004.$ Greer owned no other equity securities$.$ An unrealized holding loss was reported in the $2004$ income statement. A realized gain was reported in the $2005$ income statement. Was the equity security classified as available$-$for$-$sale and did its $2004$ market price decline exceed its $2005$ market price recovery?

$2004$ Market Price

$$ Decline Exceeded $2005$

$$ Available$-$for$-$Sale$$ Market Price Recovery

$$ a$.$ Yes$$ Yes

$$ b$.$ Yes$$ No

$$ c$.$ No$$ Yes

$$ d$.$ No$$ No