Blaine Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Horton Company (10%) for $51,000. June 1 Received cash dividends of $2 per share on Horton stock. Oct. 1 Sold 1,200 shares of Horton stock for $33,000 less brokerage fees of $600. The entry to record the sale of the stock would include a Question 3 options: debit to Stock Investments for $30,600. debit to Cash for $32,400. credit to Gain on Sale of Stock Investments for $1,200. credit to Gain on Sale of Stock Investments for $1,800. Mize Company owns 30% interest in the stock of Lyte Corporation. During the year, Lyte pays $20,000 in dividends to Mize, and reports $300,000 in net income. Mize Company's investment in Lyte will increase Mizes net income by Question 4 options: $6,000. $90,000. $96,000. $10,000.