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dle English (en) Greg Financial Services invested $15,000 to acquire 3,750 shares of Mitt Investments on March 15, 2012. This investment represents less than 20%

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dle English (en) Greg Financial Services invested $15,000 to acquire 3,750 shares of Mitt Investments on March 15, 2012. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Greg Financial Services sells 1.750 shares for $12,250. Which of the following will be the correct journal entry for this transaction? Select one: O a. 12,250 Cash 12,250. Gain on Disposal 0 . 12,250 Gain on Disposal Long-term Investments Available-for-Sale 12.250 12.250 Cash Long term Investments Available for Sale Gain on Disposa 17.000 5250

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