P Co paid $140,000 for 70% interest in S CO.on 1/1/ 2019,when S had Capital Stock of $50,000 and Retained Earnings of $100,000. Fair values of net assets were the same as recorded book values. During 2019,S had income of $20,000,declared dividends of $7,500,On 31/12/2019,the P CO financial statements will show income from subsidiary for 2019 Amount?

Select one:

a. 5,250

b. 12,500

c. 14,000

d. 20,000