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

Wheat Corporation pays $532,000 for 100,000 shares to acquire 45% common stock of Grain Investments,Inc.on January 5,2018.Wheat Corporation sells 20,000 shares for $40,000 on January 6,2018.Which of the following is the correct journal entry for the transaction on January 6,2018? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

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