If the carrying amount of the subsidiary's preferred shares is $240,000 and the parent company acquires 60% of the subsidiary's preferred shares at a cost of $150,000, what effect will the transaction have on consolidated shareholders' equity? (3 marks) a. There will be no change in consolidated shareholders' equity as a result of this transaction. b. Non-controlling interest will decrease by $144,000 and contributed surplus will increase by $6,000. c. Non-controlling interest will increase by $144,000 and retained earnings will increase by $6,000. d. Non-controlling interest will decrease by $144,000 and retained earnings will decrease by $6,000