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: $\begin{array}{lrr}\underline{\text { Security}}&\underline{\text { Cost}}&\underline{\text { Fair Value}}\\\text { Common Stock C } & \$ 10,000 & \$ 12,000 \\\text { Common Stock D } & \underline{8,000} & \underline{5,000}\\&\underline{\$18,000}&\underline{\$17,000}\end{array}$
Brandy subsequently sells Stock D for $10000. What entry is made to record the sale? a.
$\begin{array}{llr} \text {Cash. } &10,000\\ \text { Stock Investments.} &&10,000\\\end{array}$

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

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

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