Land Services, Inc B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 102,400 & \\\hline \text { Dividend Revenue } & & 102,400 \\\hline\end{array}$$

Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Land Services record?

A) $$\begin{array} { | l | r | r | } \hline \text { Equity Investments-World Investments, Inc. } & 320,000 & \\\hline \text { Cash } & & 320,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 102,400 & \\\hline \text { Dividend Revenue } & & 102,400 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | l | } \hline \text { Cash } & 102,400 & \\\hline \text { Equity Investments - World Investments, Inc. } & & 102,400 \\\hline\end{array}$$
D) $$\begin{array} { | l | l | l | } \hline \text { Equity Investments-World Investments, Inc. } & 102,400 & \\\hline \text { Revenue from Investments } & & 102,400 \\\hline\end{array}$$