On 1/1X1, Trump Company owned all 100,000 shares of Swamp Company when Swamp's Shareholders' Equity was as follows:

Capital Stock: $1 par 100,000

Additional Paid In Capital200,000

Retained Earnings 400,000

Total Equity 700,000

On 1/2/X1, Swamp issued 10,000 additional shares for $8 each, but Trump did not purchase any of the shares. After Swamp's stock issue, Trump should make which of the following accounting entries in connection with its investment?

a.Debit Investment in Swamp for $80,000 and Credit Gain for $80,000

b.Debit Investment in Swamp for $80,000 and Credit P's Capital for $80,000

c.Debit Investment in Swamp for $9,091 and Credit P's Capital for $9,091

d.Debit Investment in Swamp for $9,091 and CreditGain for $9,091

e.Trump should make no entries since it did not purchase any of Swamp's new shares.