Jade Investments Purchased 40% of the Common Stock of Ivory

Jade Investments purchased 40% of the common stock of Ivory Corporation on March 1, 2014. Ivory Corporation reports a net income of $675,000 for the 2015 year. Which of the following is the correct journal entry?

A) $$\begin{array} { | c | r | r | } \hline \text { Long-term Investments-Ivory Corporation } & 270,000 & \\\hline \text { Revenue from Investments } & & 270,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 270,000 & \\\hline \text { Revenue from Investments } & & 270,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Revenue from Investments } & 270,000 & \\\hline \text { Cash } & & 270,000\\\hline \end{array}$$
D) $\begin{array}{c}\begin{array}{|l|}\hline \text {Revenue from Investments}\\\hline \text {Long-term Investments - Ivory Corporation.}\\\hline\end{array}\begin{array}{r|}\hline270,000\\\hline\\\hline \end{array}\begin{array}{r|}\hline\\\hline270,000\\\hline\end{array}\end{array}$