Tolan co. purchased 30,6% irick company bonds for 60,000 cash plus brokerage fees of $600. Interest is payable seminannualy on july 1 and january 1. if 15 of the securities are sold on july 1 from $31,000 less $300 brokerage fees, the entry would include a credit to gain on sale of debt investements for?
a) 1,000
b) 700
c) 1,300
d) 400