Jensen Ltd and Harris Ltd Have Established the JH Joint

Jensen Ltd and Harris Ltd have established the JH Joint Operation. Jensen Ltd has a 75% interest in the joint operation and Harris Ltd has a 25% interest. Jensen Ltd contributed an asset with a carrying amount of $130 000 and a fair value of $150 000 and Harris Ltd agreed to provide technical services to the joint operation over the first two years of operations. The fair value of the technical services was agreed to be $50 000 and the cost to provide the services was estimated at $45 000 at the inception of the joint operation.
As part of its initial contribution entry Harris Ltd will record a:

A) DR Plant in JO $12 500.
B) DR Services receivable in JO $45 000.
C) CR Gain on provision of services $5 000.
D) CR Obligation to JO $33 750.