Pacquired 70% of S. during the year, S reported net loss 10000 JD and declared dividends 4000 JD. Puses equity method. The eliminating entry for equity income a. Dr. Investment 7000 Cr. Equity O income 7000 b. Dr. Equity income 7000 Cr. O Investment 7000 c. Dr. Equity income 4000 Cr. O Investment 4000 d. Dr. Investment 2800 Cr. Equity O income 2800 Announcements C