Iges to the answer after submission are prohibited. Remaining Time: 1 hour, 52 minutes, 14 seconds. Question Completion Status: A Moving to the next question prevents changes to this answer. Question 3 of 16 Question 3 8 points Save Answer Robbins owns 40% of Smith and has a balance in its Investment Account of $200,000. On January 1, 2020 Robbins purchases an additional 20% of Smith for $150,000 cash. In addition to the entry, Dr. Investment 150,000 and Cr. Cash 150,000 what additional journal entry by Robbins is required. (hint revalue the original 40% ownership interest of Robbins). Dr. Investment $40,000. Cr. Additional Paid in Capital. $40,000 Dr. Investment $100,000. Cr. Additional Paid in Capital $100,000 o o o o Dr. Investment $100,000 Cr. Gain on Revaluation of Investment. $100,000 Dr. Investment $40,000. Cr. Gain on Revaluation of Investment $40,000 Question 3 of 16 Moving to the next question prevents changes to this