MK, Inc. owns 100 percent of Company's 45.000 voting shares On June 30, MK's internal accounting records show $192.000 equity method balance for its investment in J. MK sells 15,000 of its shares on the open market for $80,000 on June 30 How should MK record the excess of the sole proceeds over its carrying amount for the shares? Multiple Choice Recognize again on sale for $16.000 Recognize a revaluation gain on its remaining shares of $48,000 Recognize a gain on sale for $16,000 Recognize a revaluation gain on its remaining shares of $48.000 Reduce goodwill by $64.000. they Increase its additional paid-in capital by $16,000