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A short-term investment was acquired at a cost of $50,000. At year and an adjusting entry was prepared to adjust the short term investments carrying

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A short-term investment was acquired at a cost of $50,000. At year and an adjusting entry was prepared to adjust the short term investments carrying up to the market value of 541.200 The fatowing year, the shares are sold for $45.800. Due to the sale, the investor would report a OOOO A loss on sale of Short Term Investment of $2,600 Blous on sale of Short Term Investment of $4.200 C. gain on sale of ShortTerm Investment of $2,600 D. loss on sale of Short-Term investment of $6.800

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