please can you show the correct option with calculations and explanation for your calculations.

Using the following facts, select the appropriate eliminating journal entry that :would be recorded before preparing consolidated financial statements On January 1, Disney Corporation acquired 60% of Hulu Corporation's stock .for $60,000,000 On that date, the fair value of Hulu's assets and liabilities equaled their respective book values, with the exception of current assets. The book value of Hulu's current assets were $5,000,000. The fair value of the current assets .were $5,700,000 :Hulu's equity was comprised of the following Common Stock: $2,000,000. Additional Paid In Capital: $70,400,000. Retained Earnings: $24,600,000. Note: you will be required to show the work you performed to select the correct answer in the next question Using the following facts, select the appropriate eliminating journal entry that :would be recorded before preparing consolidated financial statements On January 1, Disney Corporation acquired 60% of Hulu Corporation's stock .for $60,000,000 On that date, the fair value of Hulu's assets and liabilities equaled their respective book values, with the exception of current assets. The book value of Hulu's current assets were $5,000,000. The fair value of the current assets .were $5,700,000 :Hulu's equity was comprised of the following Common Stock: $2,000,000. Additional Paid In Capital: $70,400,000. Retained Earnings: $24,600,000. Note: you will be required to show the work you performed to select the correct answer in the next