On January 4, Year 1, Barber Company purchased 14,500 shares of Convell Company for $178,800. Convell Company has a total of 72,500 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 $0.75 per share, and its net income was $129,000 and $124,000 for Year 1 and Year 2, respectively. The January 2, Year 3, entry to record Barber's sale of 8,700 shares of Convell Company stock, which represents 60% of Barber's total investment, for $117,450 cash, should be: Multiple Choice Debit Cash $117 450: credit Gain on Sale of Stock Investment $21.750; credit Equity Method Investments $95.700. Debit Cash $117,450; debit Loss on Sale of Stock Investment $61,850: credit Equity Method Investments $178,800. Debit Cash $117,450; debit Loss on Sale of Stock Investment $10,170: credit Equity Method Investments $107.280