Jensen Ltd and Harris Ltd have established the JH Joint Operation. Jensen Ltd has

a $75\%$ interest in the joint operation and Harris Ltd has a $25\%$ interest.

Jensen Ltd contributed an asset with a carrying amount of $$130000$ and a fair

value of $$150000$ and Harris Ltd agreed to provide technical services to the joint

operation over the first two years of operations. The fair value of the technical

services was agreed to be $$50000$ and the cost to provide the services was

estimated at $$45000$ at the inception of the joint operation.

As part of its initial contribution entry Harris Ltd will record a:

a$.$ CR Gain on provision of services $$5000.$

b$.$ CR Obligation to JO $$33750.$

c$.$ DR Plant in JO $$12500.$

d$.$ DR Services receivable in JO $$45000.$