Sheridan Corporation sells $340$ shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $$58$ a share. Sheridan sold the shares for $$40$ a share. The entry to record the sale is

Cash

$19720$

Gain on Sale of Stock Investments

$6120$

Stock Investments

$13600$

Cash

$13600$

Stock Investments

$13600$

Stock Investments

$13600$

Loss on Sale of Stock Investments

$6120$

Cash

$19720$

Cash

$13600$

Loss on Sale of Stock Investments

$6120$

Stock Investments

$19720$