Alpha, Inc. owns 80 percent of outstanding stock of Tulip Corporation. Intra-entity sales of $320,000 occurred during 2020 and again in 2021. This merchandise cost $240,000 each year. Of the total transfers, $70,000 was still held on December 31, 2020, with $50,000 unsold on December 31, 2021. The sales is from Alpha to Tulip. In preparing for year 2021 consolidation entries, to account for intra-entity gross profit deferred from year 2020, it should enter consolidation entry *G by:

a.		Debit Investment in Tulip at $17,500
b.		Debit Retained Earnings at $17,500
c.		Debit Inventory at $17,500.
d.		Credit Inventory at $12,500.