MotorCity, Inc. purchased 65,000 shares of Shaw common stock for $282,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:

Multiple Choice

• Debit to Short-Term Investment-AFS for $282,000.

• Debit to Equity Method Investments for $282,000.

• Debit to Long-Term Investments-HTM for $282,000.

• Credit to Equity Method Investments for $282,000.

• Debit to Debt Investments for $282,000.