On 1 May 2023, HAY Ltd acquired a business from JAY Ltd for consideration of $60 000 cash. The identifiable assets and liabilities assumed were as follows: JAY Ltd's Records Fair Value Inventories 12 000 18 000 Plant and equipment 42 000 39 000 Wages payable Net assets 3 000 $51.000 3 000 $54 000 HAY Ltd incurred professional fees of $2000 to have the plant and equipment inspected and evaluated prior to the transaction. What is the journal entry of HAY Ltd for the professional services fees? a. DR. Business $2000 CR. Cash $2 000 O b. DR. Plant and Equipment $2 000 CR. Cash $2,000 O c. DR. Professional Services Expense $2.000 CR. Cash $2,000 O d. DR. Deferred Expenses $2 000 CR. Cash $2,000