Use This Information to Answer the Following Question $\begin{array}{llr} \text { Long-Term Investments } &38,000\\ \text { Cash} &&38,000\\\end{array}$

Use this information to answer the following question.These facts concern the long-term stock investments of Alpha Corporation: The entry to record the sale of 1,000 shares of Carey Corporation common stock is:

A) $\begin{array}{llr} \text { Long-Term Investments } &38,000\\ \text { Cash} &&38,000\\\end{array}$

B) $\begin{array}{l}\text { Long-Term Investments } &38,000\\\text { Allowance to Adjust Long- Term Investments to Market }&&38,000\end{array}$

C) $\begin{array}{l}\text { Allowance to Adjust Long- Term Investments to Market } &38,000\\\text {Cash }&&38,000\end{array}$

D) $\begin{array}{lr}\text { Cash } & 38,000 \\\text { Loss on Sale of Investments } & 2,000 \\\text { Long-Term Investments } &&40,000\end{array}$