Elston Corporation Sells 200 Ordinary Shares Being Held as an Investment

Elston Corporation sells 200 ordinary shares being held as an investment. The shares were acquired six months ago at a cost of $\$ 30$ a share. Elston sold the shares for $\$ 40$ a share. The entry to record the sale is

A) $\begin{array} { l } \text {Cash }&6,000 \\ \text { Loss on Sale of Share Investments } &2,000\\ \text {Loss on Sale of Share Investments Share Investments }&&8,000 \\\end{array}$

B) $\begin{array} { l }\text {Share Investments } &8,000\\\text { Cash} &&8,000\\\end{array}$

C) $\begin{array} { l } \text { Cash} &8,000\\ \text { Gain on Sale of Share Investments}&&2,000 \\ \text { Share Investments} &&6,000\\\end{array}$

D) $\begin{array} { l } \text {Cash }&8,000 \\ \text {Share Investments }&&8,000 \\\end{array}$