On August 1, Masters Company buys 2,000 shares of ABD common stock for $72,500 cash. On December 1, the stock investments are sold for $75,000 in cash. Which of the following are the correct journal entries to record for the purchase and sale of the common stock? Aug. 1 Cash................. Stock Investments... Dec. 1 Cash. Stock Investments... Gain on Sale of Stock Investments Aug. 1 Stock Investments... Cash........ Dec. 1 Cash.......... Stock Investments.... Gain on Sale of Stock Investments Aug. 1 Stock Investments.. Cash.... Dec. 1 Stock Investments.......... Cash.......... Gain on Sale of Stock Investments Aug. 1 Cash.. Stock Investments.... Dec. 1 Stock Investments.. Cash........ Gain on Sale of Stock Investments 72,500 72,500 75,000 72,500 2,500 72,500 72,500 75,000 72,500 2,500 72,500 72,500 75,000 72,500 2,500 72,500 72,500 75,000 72,500 2,500