Winters Corporation Purchased 15,000 Shares of Poores Corporation Common Stock

Winters Corporation purchased 15,000 shares of Poores Corporation common stock for $60 per share on January 2,2014.Poores Corporation reported net income of $1,500,000 for 2014 and paid dividends of $300,000 during 2014.Poores has a total of 50,000 shares of common stock outstanding.The entry that would be recorded to recognize the receipt of cash dividend is:

A) Cash 90,000 Dividend Income 90,000
B) Income,Poores Corporation Investment 90,000 Cash 90,000
C) Cash 90,000 Income,Poores Corporation Investment 90,000
D) Cash 90,000 Investment in Poores Corporation 90,000