QUESTION $17$

Westbrook Financial Services, Inc. invested $$24,000$ to acquire $6250$ shares of Cloud Investments, Inc. on March $15.$ This investment represents less than $20\%$ of the investee's voting stock. On May $7,$ Westbrook Financial Services, Inc. sells $2250$ shares for $$14,250.$ Which of the following will be the correct journal entry for the May $7$ transaction? $($Round any intermediate calculations and the final answer to two decimal places.$)$

$\backslash$table$[[$Loss on Disposal,$14,250,],[$Equity Investments,,$14,250]]$

$\backslash$table$[[$Cash$,14,250,],[\backslash$table$[[$Gain on$],[$Disposal$]],,14,250]]$

$\backslash$table$[[$Cash$,14,250,],[$Equity Investments,,$8640],[$Gain on Disposal,$5610,]]$

$\backslash$table$[[$Cash$,14,250,],[$Equity Investments,,$14,250]]$

$2\mathrm{.}5$ points