At acquisition date, a wholly owned subsidiary had the following equity items:

- Retained earnings $28 000

Share capital $60 000

- General reserve $12 000

In the year following the acquisition, the subsidiary transferred $20 000 from pre- acquisition retained earnings to a General reserve account. At the reporting date in which the reserve was transferred, the following consolidation adjustment is needed: Select one:

a. DR General reserve $20 000 CR Transfer from RE to General reserve $20 000

b. DR General reserve $20 000 CR Retained earnings $20 000

c. DR Transfer from Retained Earnings to General Reserve $20 000 CR General reserve $20 000

d. DR General reserve $20 000 CR Shares in subsidiary $20 000