ABC Company has the following transactions during the year of 2020 June 4 ABC Company acquired stock shares of several corporations as marketable securities. Total cost of the investment was $154,000. ABC paid the whole amount in cash October 8 ABC Company sold some of the securities purchased on June 4. ABC received $76,500 cash for the sale of the securities. The cost of the securities sold was $74,200. December 8 ABC Company sold some of the securities purchased on June 4. ABC received $36,500 cash for the sale the securities. The cost of the securities sold was $37,200. In recording the transaction on December 8 in general journal of ABC Company Select one: a Gain on Sale of investment should be credited for $700 b.Loss on Sale of Investment should be credited for $700 c.Gain on Sale of investment should be debited for $700 d.Loss on Sale of Investment should be debited for $700