Sokoto Corporation sells 1500 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of $155 a share. Sokoto sold the shares for $140 a share. The entry to record the sale is

a.Cash210,000

Loss on Sale of Stock Investments22,500

Stock Investments232,500

b.Cash227,500

Gain on Sale of Stock Investments7,500

Stock Investments220,000

c.Cash210,000

Stock Investments210,000

d.Stock Investments220,000

Loss on Sale of Stock Investments7,500

Cash227,000