-Betta Group purchased?Danio, Inc. for $ $880,000 The market value of?Danio's assets and liabilities at the time of purchase were $960,000 and $320,000 respectively. The journal entry to record this will?include

. A.

debit to Asset accounts for

$960,000?,

credit to Gain on Investments

$80,000

and credit to Cash

$880,000.

B.

debit to Investments for

$960,000?,

credit to Cash

$880,000

and credit to Gain on Investment

$80,000.

C.

$960,000?,

debit to Goodwill

$240,000?,

credit to Liabilities

$320,000

and credit to Cash

$880,000.

D.

debit to Investments for

$880,000?,

credit to Cash

$880,000.