Protec Company acquired 75% of Sussex Company's voting stock for $30,000 in cash. The noncontrolling interest had an estimated fair value of $9,500. Some of Sussex's identifiable assets and liabilities at the date of acquisition had fair values that were different from reported values, as follows:

Book Value

Fair Value

Property, net

$ 2,000

$ 7,000

Identifiable intangibles

0

20,000

Sussex's total shareholders' equity at the date of acquisition was as follows:

Capital stock

$ 1,000

Retained earnings

3,000

Accumulated other comprehensive income

100

Total

$ 4,100

On a date-of-acquisition consolidation working paper, eliminating entry (R) credits Investment in Sussex in the amount of

Select one:

A. $18,750

B. $25,000

C. $26,925

D. $29,150