4. On January 1, 2019, ABC Corp. paid $150,000 for 15,000 shares of XYZ Company at $10 per share. This purchase gave ABC 15% ownership of XYZ. In 2019, XYZ reported net income of $180,000 and paid dividends to all shareholders of 50,000. The market value of XYZ shares at December 31, 2018 was $12 per share. On January 1, 2020 ABC purchased an additional 25,000 shares (25%) of XYZ. This last purchase gave ABC the ability to apply significant influence over XYZ. What is the prior period adjustment to Retained Earnings that ABC will need to record on January 1, 2020? A. Debit Retained Earnings, Credit Investment in XYZ for $37,500 B. Debit Investment in XYZ, Credit Retained Earnings for $27,000 C. Debit Retained Earnings, Credit Investment in XYZ for $10,500 D. Debit Investment in XYZ, Credit Retained Earnings for $10,500 E. Some other entry