Question 24 Not yet answered marked out of 100 pages On 1/1/X1, Pacquired 80% of 5 for 5800,000 when 5's equity included $500,000 capital stock and 5500,000 of Retained Earnings. During years X1 and X25 earned $100,000 and $120,000, respectively in both years, 5 paid $20,000 of dividend Assume that uses the cost method and that you are consolidating the pre closing trial balances of Pand Son 12 What worksheet entries are required to establish reciprocity between Ps investment and equity accounts so that they can be liminated? Select one: Debit investment in Sfor $80,000 and credit P's Retained Earnings for $80,000 b. Debit investment in Sfor $100,000 and credit Ps Retained Earnings for $100,000 c. Debit investment in Sfor $180,000 and credit Ps Retained Earnings for $180.000 d. Debit investment in Sfor $220,000 and credit Pis Retained Earnings for $220,000 e None of the Above