Maize Corporation Pays $532,000 for 100,000 Shares to Acquire 45

Maize Corporation pays $532,000 for 100,000 shares to acquire 45% common stock of Teal Investments,Inc.on January 5,2017.Maize Corporation sells 20,000 shares for $40,000 on January 6,2017.Which of the following is the correct journal entry for the transaction on January 6,2017? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 106,400 & \\\hline \text { Long-term Investments-Teal Investments, Inc. } & & 106,400 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Long-term Investments-Teal Investments, Inc. } & 106,400 & \\\hline \text { Cash } & & 40,000 \\\hline \text { Loss on Disposal } & & 66,400 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Long-term Investments-Teal Investments, Inc. } & 106,400 & \\\hline \text { Cash } & & 106,400 \\\hline\end{array}$$
D) $$\begin{array} { |l | r | r | } \hline \text { Cash } & 40,000 & \\\hline \text { Loss on Disposal } & 66,400 & \\\hline \text { Long-term Investments-Teal Investments, Inc. } & & 106,400 \\\hline\end{array}$$