Maize Corporation Pays $500,000 for 100,000 Shares to Acquire 40

Maize Corporation pays $500,000 for 100,000 shares to acquire 40% of Teal Investments on January 5, 2016. Maize Corporation sells 10,000 shares for $40,000 on January 6, 2016. Which of the following is the correct journal entry for the transaction on January 6, 2016?

A) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 50,000 & \\\hline \text { Long-term Investments-Teal Investments } & & 50,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Long-term Investments-Teal Investments } & 50,000 & \\\hline \text { Cash } & & 40,000 \\\hline \text { Loss on Disposal } & & 10,000 \\\hline\end{array}$$
C) $$\begin{array} { | r | r | r | } \hline \text { Long-term Investments-Teal Investments } & 50,000 & \\\hline \text { Cash } & & 50,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 40,000 & \\\hline \text { Loss on Disposal } & 10,000 & \\\hline \text { Long-term Investments-Teal Investments } & & 50,000 \\\hline\end{array}$$