Palestine Corporation purchased 100% of South Africa Company paying $200.000 cash. At the date of acquisition, the Balance Sheet of South Africa had $60,000 listed for Common Stock and $40,000 for Retained Earnings. At the date of acquisition, the book value of the net assets equaled the fair value of the net assets, and South Africa had an Accounts Payable of $10,000 owed to Palestine Palestine would need to make which Elimination/Consolidation Entry at the date of acquisition in order to prepare consolidated financial statements. Debit Goodwill for $100.000, and Credit Investment in South Africa for $100.000 Debit Goodwill for $100.000, and Credit Investment in Palestine for $100,000 Debit Goodwill for $100,000, and Credit Additional Paid-In Capital for $100,000 Debit Additional Paid In Capital for $100,000, and Credit Investment in South Africa for $100,000 Debit Investment in South Africa for $170.000. and Debit Goodwill for $100.000