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16) Maize Corporation pays $562,000 for 100,000 shares to acquire 45% contrnon stock of Teal Investments, Inc. on Ianuar'j,r 5, 201?. Maize Corporation sells 20,000

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16) Maize Corporation pays $562,000 for 100,000 shares to acquire 45% contrnon stock of Teal Investments, Inc. on Ianuar'j,r 5, 201?. Maize Corporation sells 20,000 shares for $40,000 on Ianuary 6, 2017. Which of the following is the correct jotunal entry for the transaction on January 6, 2017? (Round any mtennediate calculations to two decimal places, and your final answer to the nearest dollar.) A) -_ -- B on; term Investments Teal Investments Inc. - Loss on Disposal 66: 40! ongterm InvestmentsTeal Investments, Inc. _-_ Lowterm InvestmentsTeal Investments, Inc. _

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