Question 1 2 Points P Company purchased 90% of the outstanding common stock of 5 Company on January 1, 2015. 5 Company's stockholders' equity at various dates was: 1/1/15 1/1/17 12/31/17 Common stock $200,000 $200,000 $200,000 Retained earnings 60,000 190,000 230,000 Total $260,000 $390,000 $430,000 The workpaper entry to establish reciprocity under the cost method in the preparation of a consolidated statements workpaper on December 31, 2017 should include a credit to P Company's retained earnings of: A $153,000. B$130,000. $117,000. D $40,000