Well Co$.$ has a $$20,000$ receivable from Eight Co$.$ and a $$40,000$ receivable from Cotten Corporation. Well also has a $$30,000$ payable to Sloane Co$.$ Well owns $80\%$ of Eight, $45\%$ of Cotten, and $55\%$ of Sloane. Eight and Sloane are consolidated subsidiaries, and Cotten is an equity$-$basis investee. At what amounts should Well report these balances in the consolidated financial statements?

Receivables Payables

A$.$ $$40,000$$$0$

B$.$ $$30,000,$$$30,000$

C$.$ $$60,000,$$$30,000$

D$.$ $$0$ $$0$