Ivanhoe Park Company had these transactions pertaining to stock investments

Feb. $1$ Purchased $6500$ shares of Oriole Company $(10\%)$ for $$117000$ cash. June $1$ Received cash dividends of $$1$ per share on Oriole stock.

Oct. $1$ Sold $3500$ shares of Oriole stock for $$70000.$

Dec. $1$ Received cash dividends of $$2$ per share on Oriole stock.

The entry to record the sale of the stock would include a

debit to Stock Investment for $$63000.$

credit to Gain on Sale of Stock Investments of $$7000.$

debit to Cash for $$63000.$

credit to Gain on Sale of Stock Investments for $$3500.$