Sheridan Industries owns 36% of Carla Vista Company. For the current year, Carla Vista reports net income of $244000 and declares and pays a $60000 cash dividend. Which of the following correctly presents the journal entries to record Sheridans equity in Carla Vistas net income and the receipt of dividends from Carla Vista? A.

Dec. 31	Revenue from Stock Investments	87840
	Stock Investments		87840
Dec. 31	Stock Investments	21600
	Cash		21600

B.

Dec. 31	Stock Investments	87840
	Revenue from Stock Investments		87840
Dec. 31	Cash	60000
	Stock Investments		60000

C.

Dec. 31	Stock Investments	66240
	Revenue from Stock Investments		66240

D.

Dec. 31	Stock Investments	87840
	Revenue from Stock Investments		87840
Dec. 31	Cash	21600
	Stock Investments		21600