At the beginning of $2014,$ Parling Food Services acquired a $90\%$ interest in Simmons' Orchards when Simmons' book values of identifiable net assets equaled their fair values. On December $26,2014,$ Simmons declared dividends of $$50,000,$ and the dividends were unpaid at year$-$end. Parling had not recorded the dividend receivable at December $31.$ A consolidated working paper entry is necessary to

enter $$45,000$ dividends receivable in the consolidated balance sheet.

reduce the dividends payable account by $$45,000$ in the consolidated balance sheet.

eliminate the dividend payable account from the consolidated balance sheet.

enter $$50,000$ dividends receivable in the consolidated balance sheet.