On January 4, Year 1, Aarber Company purchesed 6,000 shares of Comvell Company for $12,000. Convell Compary has a totel of 30,000 shares of common stock outstanding and it is presumed the Barber Company will have a significant infuence over Convell. During eoch of the next two years, Corrvell declored and paid cash dividends of $0,85 per share, and its net income was $78,000 and $73,000 for Year 1 ond Year 2 , respectively. The January 2, Year 3, entry to record Barber's sale of 3,600 shares of Corvell Company stock, which represents 605 of Barber's total investment, for $48,600 cash, should be: Nultiple Chrice Debit Cash 348,600 , debat Loss on Sinle of investment $6,600, credit Equity Method linvestments $55.200. Debit Cash 548 koo; credt Gain on 5010 of Stock imweltment 510,200 ; creegit Equity Method investments 138400