MotorCity, Inc. purchased 62,000 shares of Shaw common stock for $276,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a: Multiple Choice Debit to Debt Investments for $276.000. Debit to Equity Method Investments for $276,000. Credit to Equity Method Investments for $276,000. Debit to Long-Term Investments-HTM for $276,000. Debit to Short-Term Investment-AFS for $276.000