The summarized balance sheets of Elston Company and Alley Company as of December 31, 2004 are as follows Assets Liabilities Capital stock Retained earnings Total equities Assets Liabilites Elston Company Balance Sheet December 31, 2004 $800.000 $100,000 400 000 300.000 $800 000 Alley Company Balance Sheet December 31, 2004 $600.000 $150,000 Se A Capital stock Retained earnings Total equities 370,000 80.000 $600.000 If Elston Company acquired a 20% interest in Alley Company on December 31, 2004 for $130,000 and the fair value method of accounting for the investment were used, the amount of the debit to investment in Alley Company Stock would have been a $90,000 b. $74,000. c. $130,000 d $120,000