MotorCity, Inc. purchased 40,000 shares of Shaw common stock for $232,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:

Select one:

a. Debit to Long-Term Investments-HTM for $232,000.

b. Debit to Long-Term Investments for $232,000.

c. Debit to Long-Term Investments for $92,800.

d. Debit to Short-Term Investment-AFS for $232,000.

e. Credit to Long-Term Investments for $92,800.