Plant Company Owns 80% of the Common Stock of Surf

Plant Company owns 80% of the common stock of Surf Company.Surf Company also has outstanding preferred stock.Plant Company owned none of the preferred stock prior to January 1, 2020.Plant Company purchased 100% of the outstanding preferred stock on January 1, 2020, at a price in excess of book value.The result of this transaction with regard to the consolidated statements is that

A) ​there will be added goodwill.
B) ​there will be a loss recorded in the year of the purchase.
C) ​the preferred stock will not appear on the balance sheet and there may be a decrease in retained earnings as a result of the purchase.
D) ​the investment in preferred stock will appear on the balance sheet.