The DEML Corporation reported the following transactions: Jan.1, 2018 Purchased 35% of the common shares of Utilities Board Corporation for $700,000 cash and obtained significant influence over the operations of Utilities Board. Sept. 30, 2018 Received a $42,000 cash dividend from Utilities Board Corporation. Dec. 31, 2018 Utilities Board Corporation reported net income of $150,000 for the year ended December 31, 2018. Jan. 8, 2019 D EML sold 50% of its Utilities Board shares for $400,000 cash. What is the effect of the sales of investment on January 8, 2019 on DEML's 2019 Income Statement? Gain on sale of Investment increased by $24.750. Gain on sale of Investment increased by $71,000. Gain on sale of Investment increased by $44,750. O Loss on sale of Investment increased by $25.000