Use the Following Information to Answer Bellow Questions
Python Acquires

Use the following information to answer bellow Questions
Python acquires 80% of the voting stock of Slither on January 1, 2020 for $4,000. The fair value of the noncontrolling interest is $950. Slither's balance sheet at the date of acquisition is as follows:
$\begin{array}{|l|r|r|}\hline & \begin{array}{c}\text { Book Value } \\\text { Dr (Cr) }\end{array} & \begin{array}{c}\text { Fair Value } \\\text { Dr (Cr) }\end{array} \\\hline \text { Tangible assets } & \$ 5,000 & \$ 6,500 \\\hline \text { Identifiable int angibles } & - & 2,000 \\\hline \text { Liabilities } & \{3,000\} & \{3,000\} \\\hline \text { Capital stock } & \{600\} & - \\\hline \text { Retained earnings } & \{1,400\} & - \\\hline\end{array}$
-On the consolidation working paper at January 1, 2020, what is the credit to Investment in Slither for eliminating entry (R) ?

A) $2,340
B) $2,550
C) $2,950
D) $2,400