On January 4, Year 1, Barber Company purchased 11,000 shares of Convell Company for $132,000 . Convell Company has a total of 55,000 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $108,000 and $103,000 for Year 1 and Year 2, respectively. The January 2, Year 3, entry to record Barber's sale of 6,600 shares of Convell Company stock, which represents 60% of Barber's total investment, for $89,100 cash, should be: Multiple Choice Debit Cash $89,100; debit Loss on Sale of Stock Investment $7,860; credit Equity