4. On January 1, 2015, Sheena Company purchased non reading equity investments which are irrevocably designated at FVOCI: Purchase Price Transaction Cost Market - 12/31/2015 Security A 1,000,000 100,000 1,500,000 Security B 2,000,000 200,000 2,400,000 Security C 4,000,000 400,000 4,700,000 On July, 2016, the entity sold Security C for P 5,200,000. What amount should be credited to retained earnings as a result of the sale of the investment in 2016? a. 800,000 C. 300,000 b. 500,000 d. 0