Pate Company pays $175,000 for 100% of Sinko’s common stock when Sinko’s stockholders’ equity consists of Common Stock $100,000 and Retained Earnings $60,000. In the worksheet for the consolidated balance sheet, the eliminations will include a:

(a) credit to Investment in Sinko Common Stock $160,000.

(b) credit to Excess of Book Value over Cost of Subsidiary $15,000.

(c) debit to Retained Earnings $75,000.

(d) debit to Excess of Cost over Book Value of Subsidiary $15,000.