McVeigh Corp

McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $41,200 in cash dividends from Gondor. The entry to record this transaction should include a:

A) Credit to Cash for $41,200.
B) Credit to Long-Term Investments for $103,000.
C) Debit to Dividends for $103,000.
D) Credit to Long-Term Investments for $41,200.
E) Debit to Dividend Revenue for $41,200.