Hornet plc acquired 1,080,000 shares of the 1,350,000 outstanding shares of Alton on 1 January 2009 for a cash consideration of $ 120 M. The fair value of net assets of Alton at this date was $135 M and full goodwill method is used. During 2009 until 31 December 2009 Alton made a net income of $75. On 1 January 2010, Hornet acquired 135,000 additional shares in Alton for $ 45 M.

The worksheet journal entry to record the effect of the additional 135,000 shares purchased in Alton on 1 January 2010 includes?

Select one:

a. A debit to Retained Earnings for $22.5 M

b. A debit to non-controlling interests for $ 30 M

c. None of the answers is correct

d. A debit to Retained Earnings for $ 15 M

e. A credit to non-controlling interests for $22.5 M