Blaine Company Had These Transactions Pertaining to Stock Investments: Feb $( 10 \% )$

Blaine Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Norton Company $( 10 \% )$ for $\$ 51,000$ . June 1 Received cash dividends of $\$ 2$ per share on Horton stock. Oct. 1 Sold 1,200 shares of Horton stock for $\$ 32,400$ . The entry to record the sale of the stock would include a

A) debit to Cash for $30,600.
B) credit to Gain on Sale of Stock Investments for $1,200.
C) debit to Stock Investments for $30,600.
D) credit to Gain on Sale of Stock Investments for $1,800.