Use This Information to Answer the Following Question The Entry to Adjust the Allowance to Adjust Long-Term Investments

Use this information to answer the following question.These facts concern the long-term stock investments of Webster Corporation: $\begin{array}{ll}\text { June 1, } 2012 & \text { Pand cash for the followng long-term investments: } 5,000 \text { shares Wayne } \\& \text { Corporation common stock (representing } 5 \text { percent of outstanding stock) at } \\& \$ 40 \text { per share; } 3,000 \text { shares Upshur Corporation common stock (representing } \\&\text { percent of outstanding stock) at } \$ 24 \text { per share. } \\\text { Dec. } 31,2012 & \text { Quoted market prices at year end: Wayne common stock, } \$ 35 \text {; Upshur }\\& \begin{array}{l}\text { common stock, } \$ 27 .\end{array} \\\text { April 1, } 2013 & \begin{array}{l}\text { A change in policy required the sale of 1,000 shares of Wayne Corporation } \\\text { common stock at } \$ 38 .\end{array} \\\text { July 1, 2013 } & \begin{array}{l}\text { Received a cash dividend from Upshur Corporation equal to } \$ .30 \text { per share. }\end{array} \\\text { Dec. 31, 2013 } & \begin{array}{l}\text { Quoted market prices at year end: Wayne common stock, } \$ 39 \text {; Ushur } \\\text { common stock } \$ 22 .\end{array}\end{array}$
The entry to adjust the Allowance to Adjust Long-Term Investments to Market in 2013 is:

A) Unrealized Loss on Long-Term Investments 6,000
Allowance to Adjust Long Term Investment to Market 6,000
B) Allowance to Adjust Long Term Investment to Market 10,000
Unrealized Loss on Long-Term Investments 10,000
C) Unrealized Loss on Long-Term Investments 10,000
Allowance to Adjust Long Term Investment to Market 10,000
D) Allowance to Adjust Long Term Investment to Market 6,000
Unrealized Loss on Long-Term Investments 6,000