Python acquires 80% of the voting stock of Slither on January 1, 2024 at an acquisition cost of $6,000. The fair value of the noncontrolling interest is $1,000. Slithers balance sheet at the date of acquisition is as follows:

	Book Value Dr (Cr)	Fair Value Dr (Cr)
Tangible assets	$4,500	$7,500
Identifiable intangibles		3,000
Liabilities	(3,000)	(3,100)
Capital stock	(300)
Retained earnings	(1,200)

On the consolidation working paper at January 1, 2024, what is the credit to Investment in Slither in eliminating entry (R)?

Select one:

a. $4,800

b. $5,200

c. $5,120

d. $5,300