Zhang Corp. owns 40% of Magnor Company's common stock. Magnor pays $97,000

in total cash dividends to its shareholders. Zhang's entry to record this transaction

should include a:

A.Debit to Dividends for $97,000.

B.Debit to Dividends for $38,800.

C.Debit to Long-Term investments for $97,000.

D.Credit to Long-Term Investments for $38,800.

E.Credit to Cash for $97,000.