Glitter Services Owns 30% of Voting Stock of Grey Investments

Glitter Services owns 30% of voting stock of Grey Investments. During the year 2015, Grey Investments earned profits of $250,000. Under the equity method, which of the following journal entries will Glitter Services record?

A) $$\begin{array} { | c | r | r | } \hline \text { Long-term Investments-Grey Investments } & 250,000 & \\\hline \text { Cash } & & 250,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 75,000 & \\\hline \text { Dividend Revenue } & & 75,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 75,000 & \\\hline \text { Long-term Investments-Grey Investments } & & 75,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Long-term Investments-Grey Investments } & 75,000 & \\\hline \text { Revenue from Investments } & & 75,000 \\\hline\end{array}$$