Highland Cutlery acquired as a long-term investment some of the common stock of LTS Company on December 31, 2X12. During 2x13, LTS Company had net income of $300,000 and declared and paid cash dividends of $90,000. What journal entry would Highland Cutlery make for 2X13 to recognize the net income of LTS Company, assuming that Highland Cutlery acquired 40% of the outstanding common stock of LTS Company? Deferred Investment Income 120,000 Unrealized Gain on Long-term Investment O a 120,000 Investment in LTS Company Investment Revenue 120,000 O b. 120,000 Investment in LTS Company Unearned Revenue 120,000 120,000 Investment in LTS Company 120,000 Unrealized Gain on Long-term Investments Od. 120,000 Oe. No journal entry is necessary