Parent Limited Acquired 100% of a Subsidiary on 1 July $\text { DR } \quad \text { Share capital } \quad \$ 14000$

Parent Limited acquired 100% of a subsidiary on 1 July 20X7. At acquisition date the subsidiary had the following equity items:
? Retained earnings $24 000
? Share capital $33 000
? Business combination revaluation reserve $10 000
In the year following the acquisition the subsidiary paid a bonus dividend of $14 000 out of pre-acquisition retained earnings. The following consolidation adjustment is needed in the consolidation worksheet for 30 June 20X8:

A) $\text { DR } \quad \text { Share capital } \quad \$ 14000$
$\begin{array}{lll}\text { CR } & \text { Bonus dividend paid } & \$ 14000\end{array}$
B) $\begin{array} { l r r r r } \text { DR } & & \text { Shares in subsidiary } & 14000 & \\& \text { CR } & \text { Share capital } & & \$ 14000\end{array}$
C) $\begin{array} { l c c c c } \text { DR } & & \text { Bonus dividend paid } & \$ 14000 & \\& \text { CR } & \text { Retained earnings } & & \$ 14000\end{array}$
D) $\begin{array} { l r r r } \text { DR } & \text { Retained earnings } & \$ 14000 & \\ \text { CR } & \text { Share capital } & \$ 14000\end{array}$