1. Carnation Ltd purchased a 25% shareholding in Bloom Ltd on 1 January 2018 for $90 000. Bloom Ltds assets were recorded at fair values and its owners equity, totalling $350 000, was represented as follows:

Share capital $100 000

General reserve $60 000

Asset revaluation surplus $50 000

Retained profits $140 000

During July 2018, Bloom Ltd paid an interim dividend of $15 000. At 31 December 2018, Bloom Ltd reported:

Profit after tax for 2018 $64 000

Final dividend payable $30 000

A transfer to the general reserve $20 000

Increase of the asset revaluation reserve to $80 000

Assuming that Carnation Ltd applies the equity method in its own books, the entry to record the dividend receivable from Bloom Ltd during the year ended 31 December 2019 would include a:

a. DR Dividend revenue account.

b. DR Investment in associate account.

c. CR Dividend revenue account.

d. CR Investment in associate account.