QUESTION 10 Erin Company acquired 100% of Hillary Company on January 1, 2018. Erin paid $1,000 excess consideration over book value, which is being amortized at $20 per year. There was no goodwill in the combination. Hillary reported net income of $400 in 2018 and paid dividends of $100. In 2019 Hillary reported net income of $500 and paid dividends of $100. Assume the cost (initial value) method is used. In 2019, what additional worksheet elimination entry must be made for consolidation purposes that is not required for the equity method? A) 380 B) 380 C) 280 Investment in Hillary 380 Retained earnings Retained earnings 380 Investment in Hillary Investment in Hillary 280 Retained earnings Retained earnings 280 Investment in Hillary Additional paid in 280 capital Retained earnings D) 280 E) 280 > Entry A Entry B. Entry Entry D. Entry E