Assume that a parent Corporation had appropriately accounted for the December 31, 2020, business combination with its wholly owned subsidiary and that subsidiary had a net income of $80,000 for the year ended December 31, 2021. Assume further that on December 20, 2021, subsidiary's board of directors declared a cash dividend of $0.60 a share on the 50,000 outstanding shares of common stock owned by Parent. Parent's journal entry to record the collection of dividends is: .a Cash debit $ 30,000 and Intercompany dividends payable credit $ 30,000 .b Intercompany dividends payable debit $ .24,000 and cash credit $ 24,000 .c Intercompany dividends receivable debit $ 24,000 and investment in subsidiary .credit $ 24,000 .d Cash debit $ 30,000 and Intercompany dividends receivable credit $ 30,000