An Analysis of Korman Corporation's Investment in Equity Securities Account $\begin{array} { | l | r | } \hline \text { Debit entries } & \$ 160,000 \\\hline \text { Credit entries } & 240,000 \\\hline\end{array}$

An analysis of Korman Corporation's Investment in Equity Securities account during 2014 disclosed the following:
$\begin{array} { | l | r | } \hline \text { Debit entries } & \$ 160,000 \\\hline \text { Credit entries } & 240,000 \\\hline\end{array}$
Korman 's 2014 income statement included a $40,000 gain on sale of equity securities and $30,000 dividend income from equity securities. All payments and proceeds relating to equity securities transactions were in cash.

-The cash proceeds received by Korman Corporation in 2014 for the sale of equity securities was:

A) $160,000.
B) $230,000.
C) $240,000.
D) $280,000.