MotorCity, Inc. purchased 53,000 shares of Shaw common stock for $258,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:

Debit to Long-Term Investments for $3,199,200.

Debit to Long-Term Investments for $258,000.

Credit to Long-Term Investments for $3,199,200.

Debit to Long-Term Investments-HTM for $258,000.

Debit to Short-Term Investment-AFS for $258,000.