Print Company acquired 80% of the stock of Sand Corp. on January 1, 2023. The stockholder's equity section of Sand's balance sheet at that date is as follows: Stockholder's Equity Section Common Stock Retained Earnings Accumulated Other comprehensive Income $300,000 400,000 50,000 Total Stockholders' Equity $750,000 Print financed the acquisition by using $500,000 cash and giving a note payable for $300,000. During the year 2023, Sand had the followings: 1. Declared and paid cash dividends $60,000 2. Earned net income 100,000 3. Earned other comprehensive income 20,000 from available-for-sale securities The entry that Print recorded related to dividends paid by Sand is O a. Dr. Cash, 60,000; Cr. Investment in Subsidiary, 60,000. O b. Dr. Cash, 54,000; Cr. Investment in Subsidiary, 54,000. c. Dr. Cash, 51,000; Cr. Investment in Subsidiary, 51,000. O d. Dr. Cash, 48,000; Cr. Investment in Subsidiary, 48,000.