Perry Investments bought 2,000 shares of Able, Inc. common stock on January 1, 201, for $20,000 and 2,000 shares af Baket, inci common stock on July 1. 201 for $24,000. Baker paid $2,400 of previousty declared dividends to Perry on December 31,201. At the end of 20xt, the far value of the Able stock was $18,000 and the fair value of the Baker stock was $28,000. The stocks were purchased for shortterm specilation prior to the effective date of the change in accounting rules for equity investments. Perry owns 100 of each compary. Perry should record the receipt of the Baker dividend as: Muitiple Choice DR Dividends receivable 2,400 CA Dividend income 2,400 DR Cash 2.400CR itvestment in Baker 2,400 DR Cash 2,400 CR Dividends teceivable 2,400 DR Cash 240CR Dividend incorhe 240