On January 1, 2019, X Inc Which of the Following Journal Entries Would Have to Be

On January 1, 2019, X Inc. purchased 12% of the voting shares of Y Inc. for $100,000. The investment is reported at cost. X does not have significant influence over Y. Y's net income and declared dividends for the following three years are as follows: $$\begin{array} { | l | r | r | } \hline & \text { Net Income } & \text { Dividend: } \\\hline 2019 & \$ 50,000 & \$ 20,000 \\\hline 2020 & \$ 70,000 & \$ 80,000 \\\hline 2021 & \$ 30,000 & \$ 60,000 \\\hline\end{array}$$ Which of the following journal entries would have to be made to record X's share of Y's net income for 2019?
A) $$\begin{array} { | l | r | r | } \hline & \text { Debit } & \text { Credit } \\\hline \text { Irvestment in } Y & \$ 6,000 & \\\hline \text { Irvestment income } & & \$ 6,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline & \text { Debit } & \text { Credit } \\\hline \text { Irvestrnent in } Y & \mathbf { \$ 5 } 0,000 & \\\hline \text { Irvestrnent income } & & \mathbf { \$ 5 0 , 0 0 0 } \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline & \text { Debit } & \text { Credit } \\\hline \text { Irvestrnent in } Y & \mathbf { \$ 5 } 0,000 & \\\hline \text { Irvestrnent income } & & \mathbf { \$ 5 0 , 0 0 0 } \\\hline\end{array}$$
D) No entry required.