On January 1, 2021, Consolidated Company purchased 100% of the common stock Avergy Industries for $720,000. On that date, Avergy had common stock of $100,000 and retained earnings of $420,000. Equipment and land were each undervalued by $50,000 on Avergys books. There was a $40,000 overvaluation of Bonds Payable, as well a $60,000 undervaluation of inventory. The consolidation entries necessary for a date of acquisition balance sheet include all of the following except: Select one: A. Land debit, $50,000 B. Inventory debit, $60,000 C. Equipment debit, $50,000 D. Bonds Payable credit, $40,000