Brandy Corporation's Trading Portfolio at the End of the Year

Brandy Corporation's trading portfolio at the end of the year is as follows: $\begin{array}{lrr}\text {Security }&\text {Cost }&\text {Fair Value }\\\text { Common Stock C } & \$ 10,000 & \$ 12,000 \\\text { Common Stock D } & 8,000 & 5,000\\&\$18,000&\$17,000\end{array}$ Brandy subsequently sells Stock D for $10,000. What entry is made to record the sale? a.
$\begin{array}{llcc} \text {Cash } &10,000\\ \text {Stock Investments }&&10,000 \\\end{array}$


b.
$\begin{array}{llcc} \text { Cash} & 10,000\\ \text {Fair Value Adjustment Trading } &&2,000\\ \text { Stock Investments}&&8,000 \\\end{array}$


c.
$\begin{array}{lrr} \text {Cash } &10,000\\ \text { Stock Investments } &&8,000\\ \text {Gain on Sale of Stock Investments } &&2,000\\\end{array}$

d.
$\begin{array}{lrr} \text { Cash} &10,000\\ \text { Stock Investments } &&5,000\\ \text { Gain on Sale of Stock Investments } &&5,000\\\end{array}$