ABC Financial Services Inc. invested $$15,000$ to acquire $3,750$ shares of EDFInvestments Inc. on March $15,2012.$ This investment represents less thun $20\%$ of the investee's voting stock. On May $7,2016,$ ABC Financial Services Inc. sells $1,950$ shares for $$11,050.$ Which of the following will be the correct journal entry for this transaction?Introduction to Fir$29$:$01$FinInswer SheetA. Cash$ $11,050$Loss on Disposal$ $3,950$Investments$ $15,000$B$.$ Cash$ $11,050$Investment$ $7,800$Gain on Disposal$ $3,250$C$.$ Cash$ $11,050$Investments$ $11,050$D$.$ Gain on Disposal$ $11,050$Investments$ $11,050$