Gouda Ltd Acquires All the Issued Capital of Cheese Ltd

Gouda Ltd acquires all the issued capital of Cheese Ltd for a cash payment of $2 545 000 on 30 June 2015.The statement of financial position of Cheese Ltd at purchase date is: $\begin{array}{|l|r|}\hline &(\$ 000) \\\hline \text { Assets } & \\\hline \text { Cash } & 85 \\\hline \text { Accounts receivable } & 185 \\\hline \text { Equipment } & 990 \\\hline \text { Land } & \underline{1285} \\\hline \text { Total assets } &\underline{ 2545} \\\hline & \\\hline \text { Liabilities } & \\\hline \text { Accounts payable } & 45 \\\hline \text { Loans } & \underline{500} \\\hline \text { Total liabilities } & \underline{545} \\\hline & \\\hline \text { Shareholders' equity } & \\\hline \text { Share capital } & 1500 \\\hline \text { Retained earnings } & \underline{500} \\\hline \text { Total liabilities and shareholders' funds } &\underline{2545} \\\hline\end{array}$ Assuming the assets are at fair value,what would be the consolidation entry to eliminate the investment in Cheese Ltd?

A)
$$\begin{array} { | c | l | r | r | } \hline & & ( \$ 000 ) & ( \$ 000 ) \\\hline \mathrm { Dr } & \text { Share capital } & 1500 & \\\hline \mathrm { Dr } & \text { Retained earnings } & 500 & \\\hline \mathrm { Dr } & \text { Goodwill } & 545 & \\\hline \mathrm { Cr } & \text { Investment in Cheese Ltd } & & 2545 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | r | r | } \hline & & ( \$ 000 ) & ( \$ 000 ) \\\hline \text { Dr } & \text { Investment in Cheese Ltd } & 2545 & \\\hline \mathrm { Cr } & \text { Share capital } & & 1500 \\\hline \mathrm { Cr } & \text { Goodwill } & & 1045 \\\hline\end{array}$$
C)
$$\begin{array} { | r | l | r | r | } \hline & & ( \$ 000 ) & ( \$ 000 ) \\\hline \mathrm { Dr } & \text { Cash } & 2545 & \\\hline \mathrm { Cr } & \text { Share capital } & & 1500 \\\hline \mathrm { Cr } & \text { Retained earnings } & & 500 \\\hline \mathrm { Cr } & \text { Goodwill } & & 545 \\\hline\end{array}$$
D)
$$\begin{array} { | l | l | r | r | } \hline & & ( \$ 000 ) & ( \$ 000 ) \\\hline \mathrm { Dr } & \text { Share capital } & 1500 & \\\hline \mathrm { Dr } & \text { Retained earnings } & 500 & \\\hline \mathrm { Cr } & \text { Cash } & & 2000 \\\hline\end{array}$$