Simi Company sells 40% of the shares it owns in Milburn Company for $600,000. The Equity Investment relating to these shares is $550,000 on the date of sale. The journal entry to record the sale assuming Simi keeps control over Milburn includes: a. APIC, credit, $55,000 b. Equity investment, credit, $600,000 c. APIC, debit, $50,000 d. APIC, credit, $50,000