Jade Investments,Inc B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 324,000 & \\\hline \text { Revenue from Investments } & & 324,000 \\\hline\end{array}$$

Jade Investments,Inc.purchased 45% of the common stock of Ivory Corporation on March 1,2017.Ivory Corporation reports a net income of $720,000 for the 2017 year.Which of the following is the correct journal entry?

A) $$\begin{array} { | l | r | r | } \hline \text { Long-term Investments-Ivory Corporation } & 324,000 & \\\hline \text { Revenue from Investments } & & 324,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 324,000 & \\\hline \text { Revenue from Investments } & & 324,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Revenue from Investments } & 324,000 & \\\hline \text { Cash } & & 324,000 \\\hline\end{array}$$
D) $$\begin{array} { | l| r | r | } \hline \text { Revenue from Investments } & 324,000 & \\\hline \text { Long-term Investments-Ivory Corporation } & & 324,000 \\\hline\end{array}$$