Wells Inc. reported these transactions relating to marketable Trading Investments intended to generate net income and to be sold in the near term: Feb 1 Purchased 500 shares of Taylor Corp. for $7,500 cash. Jun 1 Received cash dividends of $3 per share on Taylor shares. Oct 1 Sold 200 shares of Taylor Corp. for $3,800. Dec 31 Taylor shares were trading at $13.50 per share. The entry to record the receipt of the dividends on Jun 1 would include

a: a. debit to Trading Investments for $1,500. b. credit to Strategic Investments for $1,500. c. debit to Dividend Income for $1,500. d. credit to Dividend Income for $1,500.