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Ayayai Corp. sells 300 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $80

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Ayayai Corp. sells 300 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $80 a share. Ayayai sold the shares for $82 a share. The entry to record the sale is Cash Loss on Sale of Stock Investments Stock Investments 24000 600 20600 24600 Cash Stock Investments 24600 Stock Investments Loss on Sale of Stock Investments Cash 24000 600 24600 24600 Cash Gain on Sale of Stock Investments Stock Investments 600 24000 On January 1, 2022, Marigold Corp. paid $840000 for 120000 shares of Cullumber Company's common stock, which represents 25% of Cullumber's outstanding common stock. Cullumber reported income of $252000 and paid cash dividends of $96000 during 2022 Marigold should report the investment in Cullumber Company on its December 31, 2022, balance sheet at $844000 $899000 O $879000 $824000 Sunland Company had these transactions pertaining to stock investments Purchased 6800 shares of Oriole Company (10%) for $121040 cash. Feb. 1 June 1 Oct. 1 Dec 1 Received cash dividends of $1 per share on Oriole stock. Sold 2000 shares of Oriole stock for 39600. Received cash dividends of $2 per share on Oriole stock. The entry to record the receipt of the dividends June 1 would include a debit to Dividend Revenue of $6800. O debit to Stock Investments of $6800. credit to the Stock Investments of $6800 O credit to Dividend Revenue of $6800, Flint Company owns 30% interest in the stock of Martinez Corporation. During the year, Martinez pays $84000 in dividends to Flint, and reports $419000 in net income. Flint Company's investment in Martinez will increase Flint net income by $84000 O $125700 O $103200 $19200

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