Pate Ltd. pays £175,000 for 100% of Sinko’s ordinary shares when Sinko’s equity consists of Share Capital—Ordinary £100,000 and Retained Earnings £60,000. In the worksheet for the consolidated statement of financial position, the eliminations will include a:

a. credit to Investment in Sinko Share Capital—Ordinary £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.