P Corporation Acquires All of S Company's Voting Stock

P Corporation acquires all of S Company's voting stock. At the date of acquisition, the fair value of S Company's long-term debt is $100 greater than its book value. The debt has a 5-year remaining life at the date of acquisition. When consolidating S Company's financial statements for the first year following acquisition, how will eliminating entry (O) affect long-term debt and interest expense?

A) $80 debit to long-term debt, $80 credit to interest expense
B) $20 debit to long-term debt, $20 credit to interest expense
C) $80 credit to long-term debt, $80 debit to interest expense
D) $20 credit to long-term debt, $20 debit to interest expense