oved Help Save & Exit Submit On February 15, Jewel Company buys 8.000 shares of Marcelo Corp.common stock at $29.03 per share the stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment On March 15, Marcelo Corp, declares a dividend of $1.40 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp, stock on November 17 of the current year for $29.80 per share. The Journal entry to record the sale of the 4,000 shares of stock on November 17 is: Multiple Choice Debit Cash $119,200, credit Long-Term Investments-Trading $116,120. debit Gain on Sale of Long-Term Investments $3,080. Debit Cash $116,120. debit Loss on Sale of Stock Investments $3,000 credit Stock Investments $119 200