Large Corp. paid $55,000 cash, plus directly attributable transaction costs of $1,500, to acquire 30% of the common shares of Small Corp. In the absence of evidence to the contrary, significant influence is presumed, given the 30% ownership interest. Which of the following is an appropriate journal entry to record this transaction?

A. DR Investment in Small Corp. 55,000 DR Transaction costs asset 1,500 CR Cash 56,500

B. DR Investment in Small Corp. 56,500 CR Cash 56,500

C. DR Investment in Small Corp. 55,000 CR Cash 55,000

D. DR Cash 55,000 CR Investment in Small Corp. 55,000