Marco Insurance Marco Insurance Acquired Shares of Penny Systems' Common

Marco Insurance Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities.The fair value of these securities on December 31, 2013, was $402,000.Marco Insurance sold these shares on January 3, 2014, for $405,000.
(Refer to the Marco Insurance) The journal entries to record acquisition of trading securities on December 28, 2013.

A) Cash................400,000
Marketable Securities............400,000
B) Other Comprehensive Income..............400,000
Marketable Securities............400,000
C) Marketable Securities...........400,000
Other Comprehensive Income..........400,000
D) Marketable Securities................400,000
Cash.................................400,000
E) Marketable Securities..................400,000
Net Income..................................400,000