Assume that Old MilkCo shares need to be revalued as at 30 June 2018.

Assume that the farm's total Old MilkCo shareholding is 20,000 shares. The value of Old MilkCo shares as at 30 June 2018 is $6.50 per share.

Select the correct manual journal from the options below to recognise the value movement as at 30 June 2018.

You should also consider carefully whether to "Show journal on cash basis reports" if you were to post the manual journal in Xero.

a) Dr Old MilkCo Shares $14,460 Cr Old MilkCo Share Revaluation $14,460. On cash basis report

b) Dr Old MilkCo Shares $14,460 Cr Old MilkCo Share Revaluation $14,460. Not on cash basis report

c) Dr Old MilkCo Shares $130,000 Cr Old MilkCo Share Revaluation $130,000. On cash basis report

d) Dr Old MilkCo Shares $130,000 Cr Old MilkCo Share Revaluation $130,000. Not on cash basis report

e) Dr Old MilkCo Shares $14,460 Cr Current year earnings $14,460. On cash basis report

f) Dr Old MilkCo Shares $14,460 Cr Current year earnings $14,460. Not on cash basis report