Question 11 Not yet answered Marked out of 1,00 P Hag question On 1/1/XI, P acquired 100% of Slime Company for $200,000 when its equity consisted of $100,000 Capital Stock and $100,000 Retained Earnings and has applied the equity method. During year X1, Slime earned $70,000 and paid $20,000 of dividends. Assume that you are consolidating the Balance Sheets of P and Slime on 12/31/X1. What consolidation worksheet entries should be made? Select one a. Debit Slime's Capital Stock for $100,000, Debit Slime's Retained Earnings for $100,000, and Credit the investment for $200,000 b. Debit Slime's Capital Stock for $100,000, Debit Slime's Retained Earnings for $150,000, and Credit the investment for $250,000 Debit Slime's Capital Stock for $100.000, Debit Slime's Retained Earnings for $170,000 and Credit the investment for $270,000 d. None of the Above Next Previous Save Answers