Wallaby Ltd an ultimate parent reporting entity, holds a 30% interest in the voting shares of Wombat Ltd and applies the equity method of accounting to its Investment in Wombat Ltd. The following information has been provided in relation to the statement of financial position / and performance of Wombat Ltd. At date of acquisition 1 July 2018.

As at / For the year ended 30 June 2020:

Issued capital 400,000 400,000 

Retained earnings 125,000 165,000 

Profit after tax 50,000 

Dividend paid 20,000 

What is the total equity accounted adjustment (after tax 30%) to the Investment in Wombat Ltd required by Wallaby Ltd in preparing the consolidated financial statements at 30 June 2020? 

a. Cr $15,000.00;
b. Cr $33,000.00.
c. Cr $9,000.00; 

d. Dr $21,000.00;