_____ on 1/1/06, Pylex Acquired 100% of Sylex's Outstanding Common

_____ On 1/1/06, Pylex acquired 100% of Sylex's outstanding common stock. The analysis of the Investment account (in thousands) as of that date follows:
Additional information:
A.The subsidiary had net income of $80,000 in 2006.
B.The subsidiary declared dividends of $50,000 in 2006.
C.The subsidiary paid dividends of $35,000 on 11/11/06. (The remaining $15,000 of dividends declared in 2006 was paid on 1/15/07.)
D.The building has a remaining life of 12 years.
E.The subsidiary's accumulated depreciation at the acquisition date was $44,000.
F.The parent uses the equity method of accounting.
In preparing the consolidation worksheet at 12/31/06, the Accumulated Depreciation account will be adjusted in total by the following amount:

A) Downward by $44,000.
B) Downward by $39,000.
C) Upward by $5,000.
D) $-0- (no adjustment required) .
E) None of the above.