Question 19 View Policies Current Attempt in Progress Waterway Industries exchanged 2800 shares of Carla Vista Company common stock, which Waterway was holding as an investment, for equipment from Teal Mountain Incorporation. The Carla Vista Company common stock, which had been purchased by Waterway for $50 per share, had a quoted market value of $57 per share at the date of exchange. The equipment had a recorded amount on Teal Mountain's books of $145880. What journal entry should Waterway make to record this exchange? 145880 Equipment Investment in Carla Vista Co. Common Stock Gain on Disposal of Investment 140000 5880 140000 Equipment Investment in Carla Vista Co. Common Stock 140000 Equipment Loss on Disposal of Investment Investment in Carla Vista Co. Common Stock 145880 13720 159600 159600 Equipment Investment in Carla Vista Co. Common Stock Gain on Disposal of Investment 140000 19600