Thivan Ltd $$\begin{array} { | l | c | } \hline \text { DR Cash } & 100,000 \\\hline \text { CR Investment in Thivan } & 100,000 \\\hline\end{array}$$

Thivan Ltd. is a wholly-owned subsidiary of Bateman Co. Thivan has declared dividends of $100,000.
- Bateman uses the equity method to record this investment and has properly reflected Thivan's dividend declaration on its books. What journal entry should Bateman make when it receives the dividends?

A) $$\begin{array} { | l | c | } \hline \text { DR Cash } & 100,000 \\\hline \text { CR Investment in Thivan } & 100,000 \\\hline\end{array}$$
B) $$\begin{array} { |l | c | } \hline \text { DR Cash } & 100,000 \\\hline \text { CR Dividend revenue } & 100,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | c | } \hline \text { DR Cash } & 100,000 \\\hline \text { CR Dividends receivable } & 100,000 \\\hline\end{array}$$
D) No entry is required as the journal entry for dividends declared was already received.