At the Beginning of 20X1, Anwar Ltd $$\begin{array} { | c | c | } \hline \text { DRCash } & 12,000 \\\hline \text { CR Investment in Cruz } & 12,000 \\\hline\end{array}$$

At the beginning of 20X1, Anwar Ltd. acquired 15% of the voting shares of Cruz Co. for $150,000. Anwar does not have any significant influence over Cruz. Anwar reports the investment using the cost method. In 20X1, Cruz earned net income of $70,000 and paid dividends of $40,000. In 20X2, Cruz earned net income of $80,000 and paid dividends of $100,000. At the end of 20X2, what journal entry should Anwar make on its books to record the dividends from Cruz?

A) $$\begin{array} { | c | c | } \hline \text { DRCash } & 12,000 \\\hline \text { CR Investment in Cruz } & 12,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | c | } \hline \text { DRCash } & 15,000 \\\hline \text { CR Investment in Cruz } & 15,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | c | } \hline \text { DRCash } & 15,000 \\\hline \text { CR Investment income } & 15,000 \\\hline\end{array}$$
D) No entry is required