18. On January 1, 2014, Path Corporation (a U.S. company) acquired 100% of newly organized shade company, a French enterprise. The cumulative translation adjustment in the translated balance sheet. Shade has a balance of $1,200 credit and $3,500 credit on 12/31/14 and 12/31/15 respectively. The income on the 2015 translated income statement of Shade is $30,000. Path's complete equity method journal entry to record the operating results of shade for 2015 would include a

a. debit of $32,300 to Investment in Shade

b. credit of $27,700 to Investment in Shade

c. credit of $3,500 to Cumulative Translation Adjustment

d. debit of $34,700 to Investment in Shade