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Gaines Corporation invested $106,000 to acquire 27.000 shares of Owens Technologies, Inc. on March 1, 2024. On July 2, 2025, Owens pays a cash dividend

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Gaines Corporation invested $106,000 to acquire 27.000 shares of Owens Technologies, Inc. on March 1, 2024. On July 2, 2025, Owens pays a cash dividend of $0.25 per share. The investment is classified as equity securities with no significant influence. Which of the following is the correct journal entry to record the transaction on July 2, 2025? OA. Equity Investments 6,750 Cash 6,750 6,750 B. Cash Retained Earings 6,750 6.750 OC. Cash Equity Investments 6,750 6,750 OD. Cash Dividend Revenue 6,750

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