MotorCity, Inc. purchased 54,000 shares of Shaw common stock for $260,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:

• Debit to Long-Term Investments for $260,000.

• Credit to Long-Term Investments for $3,484,000.

• Debit to Long-Term Investments-HTM for $260,000.

• Debit to Long-Term Investments for $3,484,000.

• Debit to Short-Term Investment-AFS for $260,000