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, subsidiarys board of directors declared a cash dividend of $0.60 a share on the 50,000 outstanding shares of common stock owned by Parent. parents journal entry to record the declaration of dividends is:

a. Cash debit $ 30,000 and Intercompany dividends receivable credit $ 30,000.

b. Cash debit $ 30,000 and Intercompany dividends payable credit $ 30,000.

c. Intercompany dividends payable debit $ 24,000 and cash credit $ 24,000.

d. Intercompany dividends receivable debit $ 30,000 and investment in subsidiary credit $ 30,000.

On March 31, 2020, United Corporation acquired for $750,000 cash all the outstanding common stock of National Company when Nationals balance sheet showed net assets of $500,000. Out-of-pocket costs of the business combination may be disregarded. The current fair values of assets and liabilities of National were equal to their carrying amounts except for machine which was less than carrying amount by $ 20,000.The amount of goodwill is:

a. $ 200,000.

b. $ 250,000.

c. $ 270,000.

d. $ 230,000.