On January 2, 2018, Surfside Co. purchased 12,200 shares of Sand, Inc. for $268,400. The investment represented 14% of Sand's outstanding shares. On December 31, 2018 each share of Sand was selling for $21 per share and on December 31, 2019 each share of Sand was selling for $25 per share. Which of the following correctly presents the entries made by Surfside to its investment account for this investment? Multiple Choice January 2, 2018, credit $268,400; December 31, 2018, debit $12,200; December 31, 2019, credit $48,800. January 2, 2018, debit $268,400; December 31, 2018, credit $12,200; December 31, 2019, debit $48,800. January 2, 2018, debit $268,400; December 31, 2018, credit $12,200; December 31, 2019, debit $36,600. January 2, 2018, debit $268,400; December 31, 2018, debit $12,200; December 31, 2019, credit $36,600