On February 12, Addison, Inc

On February 12, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry to record the purchase under the fair value method would include a

A) debit to Investments for $132,000
B) credit to Cash for $132,000
C) debit to Investments for $132,240
D) credit to Investments for $240