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Crane Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1800 shares of Flint Company (10%) for $45900 cash. June 1 Received cash

Crane Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1800 shares of Flint Company (10%) for $45900 cash. June 1 Received cash dividends of $2 per share on Flint stock. Oct. 1 Sold 1150 shares of Flint stock for $31050. The entry to record the receipt of the dividends on June 1 would include a

debit to Dividend Revenue for $3600.

credit to Stock Investments for $3600.

debit to Stock Investments for $3600.

credit to Dividend Revenue for $3600.

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