On February 15, Jewel Company buys 8,600 shares of Marcelo Corporation common stock at $29.33 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corporation declares a dividend of $1.55 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corporation stock on November 17 of the current year for $30.10 per share. The journal entry to record the sale of the 4,300 shares of stock on November 17 is: Multiple Choice O O Debit Cash $129,430, credit Long-Term Investments-Available-for-Sale (AFS) $126,119; credit Gain on Sale of Long-Term Investments $3,311. Debit Cash $129,430; debit Loss on Sale of Stock Investments $3,311, credit Stock Investments $126,119. Debit Cash $129,430; credit Stock Investments $126,119, credit Gain on Sale of Stock Investments $3,311. Debit Cash $129,430, credit Long-Term Investments-Trading $126,119, credit Gain on Sale of Long-Term Investments $3,311. Debit Cash $129,430, credit Long-Term Investments-Trading $126,119, debit Gain on Sale of Long-Term Investments $3,311.

On Febnuary 15, Jewel Company buys 8,600 shares of Marcelo Corporation common stock at 529.33 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment On March 15 , Marcelo Corporation declares a dividend of $1.55 per share payable to stockholders of record on Apri 15 . Jewel Company recelved the dividend on Apri 15 and utimately sells hal of the Marcelo Corporation stock on November 17 of the current year for $3010 per share. The journal entry to record the sale of the 4.300 shares of stock on November 17 is Multiple Choice Deba Cash \$t20.430; credit long-Tem investneati-Avalobe-for Sale AFS) 5126,19 , credit Gan on Sele of Lang Term invostmenti 533311 Debit Cesh \$129,430. debt toss on Sole of Stock invesenent \$3:34t, crest Srock invesusert $126,19 Debit Cath 5129.430. credit Siock irvestments 5126,19 , ciedi Gain on Sde of Sackk hvestneris $3311 Debir Cach \$129,430, credit tong. lem investmeats-Trodnh 526, ing, cedit Gain on Sale of tong Torm livestments $3.311 Debin Cash \$129,430, credt Long-Term levestments-Trading \$126119, Abb Gain on Sale of Long-Tem inveatments $3311