Tolan Co. purchased 60,6% Irick Company bonds for $60,000 cash plus brokerage fees of $600.Interest is payable semiannually on July 1 and january 1.

Tolan Co. purchased 60,6% Irick Company bonds for $60,000 cash plus brokerage fees of $600.Interest is payable semiannually on July 1 and january 1.If 30 of the scurities are sold on July 1 for $32,000 less $300 brokerage fees ,the entery would include a credit to Gain on Sale of Debt Investment for ?A)$2,000B)$1,700C)$2,300D)$1,400