Hp Seed Som On January 4, 2021, Mason Co. purchased 40,000 shares (40%) of the common stock of Helly Corp, paying $560,000 At that the the bookke Hefly's net assets was $1,400,000. The investment gave Mason the ability to exercise significant influence over the operations of Hell During 20 pred income of $150,000 and paid dividends of $40,000. On January 2, 2022, Mason sold 10,000 shares for $150,000 What is the appropriate journal entry to record the sale of the 10,000 shares? 58 A) Cash B) Cash Investment in Hefly 150,000 150,000 Investment in Hefly 150,000 Gain on sale of investment 130,000 20,000 C) Cash 150,000 Loss on sale of investment 1,000 Investment in Hefly 151, D) Cash 150,000 149,000 Investment in Hefly Gain on sale of investment 1,000 150,000 E) Cash Investment in Hefly Loss on sale of investment 10,000 160,000 your Hp Seed Som On January 4, 2021, Mason Co. purchased 40,000 shares (40%) of the common stock of Helly Corp, paying $560,000 At that the the bookke Hefly's net assets was $1,400,000. The investment gave Mason the ability to exercise significant influence over the operations of Hell During 20 pred income of $150,000 and paid dividends of $40,000. On January 2, 2022, Mason sold 10,000 shares for $150,000 What is the appropriate journal entry to record the sale of the 10,000 shares? 58 A) Cash B) Cash Investment in Hefly 150,000 150,000 Investment in Hefly 150,000 Gain on sale of investment 130,000 20,000 C) Cash 150,000 Loss on sale of investment 1,000 Investment in Hefly 151, D) Cash 150,000 149,000 Investment in Hefly Gain on sale of investment 1,000 150,000 E) Cash Investment in Hefly Loss on sale of investment 10,000 160,000 your