On October 1, 20x3, separate statements of GOLDIE Co. and BATA Co. appear below:

GOLDIEBATACash59,7007,500Accounts receivable136,00023,900Inventories57,3009,250Plant and equipment286,30013,600TOTAL539,30054,250Liabilities123,80011,900Capital stock100,00010,000Additional paid in capital25,000-Retained earnings290,50032,350TOTAL539,30054,250

GOLDIE Co. acquired an 80% interest in BATA Co. On the acquisition date, October 1, 20x3, the fair market values of Bata Co's assets were properly reflected in its accounts.P40,000was paid for this acquisition.

Question:In the preparation of a consolidated balance sheet, the elimination entry as to goodwill in the consolidated working paper will be:

Group of answer choices

A charge to Investment account by 3,178

A credit to Investment account by 6,120

A credit to Investment account by 7,650

A credit to Plant and Equipment account by 6,120