Kroft Foods, a U.S. company, acquired a 90 percent interest in Codberry Inc. on January 1, 2019, for $38,000,000. The fair value of the noncontrolling interest in Codberry is $3,000,000. Codberry's acquisition- date assets and liabilities were reported at amounts approximating fair value, except its inventories (FIFO) were overvalued by $2,000,000, its property and equipment (20-year remaining life, straight-line) was overvalued by $10,000,000, and it had previously unreported identifiable intangibles (5-year remaining life, straight-line) with a fair value of $14,000,000. There is no goodwill impairment during 2019. Here are the December 31, 2019 trial balances of Kroft and Codberry: Current assets Property and equipment,net Investment in Codberry Liabilities Captial Stock Retained earning, January 1 Dividends Sales revenue Equity in net income of Codberry Cost of goods sold Operating Expenses Dr (Cr) Kroft Codberry $9,950,000 $6,200,000 110,000,000 65,000,000 39,980,000 (87,500,000) (46,200,000) (39,000,000 (2,000,000) (16,000,000) (20,500,000) 500,000 (50,000,000) (20,000,000) (2,430,000) 30,000,000 15,000,000 5,000,000 2,000,000 Working paper eliminating entry (N) is: Select one: Noncontrolling interest in net income 270,000 Dividends Noncontrolling interest in Codberry Noncontrolling interest in net income Noncontrolling interest in Codberry 170,000 Noncontrolling interest in net income 170,000 Dividends Noncontrolling interest in Codberry Noncontrolling interest in net income 300,000 Dividends Noncontrolling interest in Codberry 50,000 220,000 170,000 50,000 120,000 50,000 250,000 Working paper eliminating entry (E) is: Select one: Capital stock 1,800,000 Retained earnings, January 1 18,450,000 Investment in Codberry Capital stock Investment in Codberry Noncontrolling interest in Codberry Capital stock Retained earnings, January 1 Investment in Codberry Noncontrolling interest in Codberry 20,250,000 2,000,000 2,000,000 20,500,000 Capital stock 2,000,000 Retained earnings, January 1 20,500,000 Investment in Codberry 1,800,000 200,000 20,250,000 2,250,000 22,500,000