Question 8 1 pts Bracewell Company purchased 75% of Craymer Company's outstanding voting stock on January 2, 2018. Bracewell Company paid $375,000 for an equity of $337,500 (75% of total equity). consisting of $225,000 Common Stock and $112,500 Retained Earnings. The difference was due to undervalued land owned by Craymer Company. Craymer earned $54,000 during 2018 and paid cash dividends of $12,000. Bracewell Company uses the equity method of accounting for its investment in Craymer Company. Which of the following would be part of a proper elimination entry? O Credit Noncontrolling Interest, $123.000, date of acquisition O Debit Goodwill, $37.500, date of acquisition O Credit Noncontrolling Interest. $112.500. December 31, 2018 Credit Investment in Craymer Company, $406,500, December 31, 2018