Bharrat Corporation purchased 31% of Feris Corporation for $119,000 on January 1 On October 17 of the same year, Ferris Corporation declared total cash dividends of $31,000 At year end, Ferris Corporation reported net income of $79,000 The balance in the Bharrat Corporation's Long Term Investment-Ferris account at December 31 should be Multiple Choice $43 490 $133,880 $104 120 $109 390 $119.000 MotorCity, Inc purchased 45,000 shares of Shaw common stock for $242,000. This represents 40 % of the outstanding stock. The entry to record the transaction includes a: Multiple Choice Debit to Long-Term Investments for $1,064 800 Debit to Long-Term Investments for $242,000. Credit to Long-Term Investments for $1,064,800. Debit to Long-Term Investments-HTM for $242,000 Debit to Short-Term Investment-AFS for $242000 Help Save & Exit Landmark Corp buys $360,000 of Schroeter Company's 8 % , 5-year bonds payable at par value on September 1 Interest payments are made semiannually Landmark plans to hold the bonds for the 5-year life The journal entry to record the purchase should include Multiple Choice A debit to Long-Term investments AFS $360.000 A debit to Short-Term Investments-Trading $360000 A debit to Long-Term Investments-HTM $360,000 A debit to Short-Term Investments AFS $360,000 A debit to Cash $360,000