Micr 32) Delaney Company sells, for $280.000 a 40% of the shares it owns in Hunter Company. The carrying (E value of the Equity Investment relating to these shares is $240,000 on the date of sale. The journal entry to record the sale assuming Delaney keeps control over Hunter includes: APIC, credit $40,000 Equity investment credit, $280,000 Equity investment, debit, $240,000 O Gain, credit, $40,000